Refining ascorbic acid does not qualify as manufacturing u/s 10B of the Income Tax Act; exemption denied.

Refining ascorbic acid does not qualify as manufacturing u/s 10B of the Income Tax Act; exemption denied. https://www.taxtmi.com/highlights?id=196 IT, refining of 'ascorbic acid food grade IV' to make it ‘finer quality product’ is not a manufacturing activity not eligible for exemption u/s 10B en-us Tue, 28 Jun 2011 17:57:00 +0530 Tue, 28 Jun 2011 17:57:00 +0530 TaxTMI RSS Generator Refining ascorbic acid does not qualify as manufacturing u/s 10B of the Income Tax Act; exemption denied. https://www.taxtmi.com/highlights?id=196 IT, refining of 'ascorbic acid food grade IV' to make it ‘finer quality product’ is not a manufacturing activity not eligible for exemption u/s 10B Highlights Income Tax Tue, 28 Jun 2011 17:57:00 +0530 https://www.taxtmi.com/highlights?id=196