https://www.taxtmi.com/caselaws?id=240571 The assessee's claim for deduction under section 80-IA of the Income-tax Act, 1961, for the assessment year 1999-00 was denied as the activity of processing tea did not meet the requirement of "manufacture" or "production." The Tribunal ruled that although the activity amounted to "processing," it did not fulfill the conditions under section 80-IA(2)(iii). Additionally, the reopening of assessment under section 147/148 was challenged, with the Tribunal finding that the reassessment was not valid due to procedural missteps. The Revenue's appeals were allowed, and the assessee's appeals were dismissed. en-us Wed, 31 Oct 2012 00:00:00 +0530 Sat, 07 Dec 2013 08:01:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240571 The assessee's claim for deduction under section 80-IA of the Income-tax Act, 1961, for the assessment year 1999-00 was denied as the activity of processing tea did not meet the requirement of "manufacture" or "production." The Tribunal ruled that although the activity amounted to "processing," it did not fulfill the conditions under section 80-IA(2)(iii). Additionally, the reopening of assessment under section 147/148 was challenged, with the Tribunal finding that the reassessment was not valid due to procedural missteps. The Revenue's appeals were allowed, and the assessee's appeals were dismissed. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240571