https://www.taxtmi.com/caselaws?id=238892 The court held that coating titanium metal electrodes/anodes with oxides of noble metals constitutes 'manufacture' under section 80-IA of the Income-tax Act. The process creates a new and distinct commercial commodity, meeting the criteria of 'manufacture' as it transforms the original material into a marketable product. The Tribunal's conclusion that the process did not amount to 'manufacture' was deemed erroneous as it failed to consider marketability and distinctiveness. The court ruled in favor of the assessee, allowing the deduction under section 80-IA and setting aside the Tribunal's decision. en-us Fri, 04 Feb 2011 00:00:00 +0530 Sat, 02 Nov 2013 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238892 The court held that coating titanium metal electrodes/anodes with oxides of noble metals constitutes 'manufacture' under section 80-IA of the Income-tax Act. The process creates a new and distinct commercial commodity, meeting the criteria of 'manufacture' as it transforms the original material into a marketable product. The Tribunal's conclusion that the process did not amount to 'manufacture' was deemed erroneous as it failed to consider marketability and distinctiveness. The court ruled in favor of the assessee, allowing the deduction under section 80-IA and setting aside the Tribunal's decision. Case-Laws Income Tax Fri, 04 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238892