https://www.taxtmi.com/caselaws?id=213671 The Court ruled in favor of the Revenue, setting aside the Tribunal's decision and disallowing the deductions claimed by the assessee under Sections 80HH and 80I of the Income Tax Act. The Court concluded that the activity of cutting boulders into various sizes and weights did not meet the criteria for a manufacturing process as defined in the Act. The Court emphasized that the nature and character of the boulders remained the same after cutting, indicating a lack of manufacturing activity to qualify for deductions. en-us Wed, 23 May 2012 00:00:00 +0530 Tue, 29 May 2012 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213671 The Court ruled in favor of the Revenue, setting aside the Tribunal's decision and disallowing the deductions claimed by the assessee under Sections 80HH and 80I of the Income Tax Act. The Court concluded that the activity of cutting boulders into various sizes and weights did not meet the criteria for a manufacturing process as defined in the Act. The Court emphasized that the nature and character of the boulders remained the same after cutting, indicating a lack of manufacturing activity to qualify for deductions. Case-Laws Income Tax Wed, 23 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213671