https://www.taxtmi.com/caselaws?id=241172 The High Court ruled in favor of the assessee, holding that the process of texturising yarn constitutes manufacturing under Sections 80HH and 80I of the Income Tax Act. Citing Supreme Court precedents, the court set aside the ITAT's decision and allowed the assessee's appeal, granting eligibility for tax deductions. The judgment emphasized the application of established legal principles and previous court interpretations in determining the manufacturing status of texturising yarn, ultimately leading to a favorable outcome for the assessee without costs imposed. en-us Tue, 03 Dec 2013 00:00:00 +0530 Wed, 18 Dec 2013 08:48:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241172 The High Court ruled in favor of the assessee, holding that the process of texturising yarn constitutes manufacturing under Sections 80HH and 80I of the Income Tax Act. Citing Supreme Court precedents, the court set aside the ITAT's decision and allowed the assessee's appeal, granting eligibility for tax deductions. The judgment emphasized the application of established legal principles and previous court interpretations in determining the manufacturing status of texturising yarn, ultimately leading to a favorable outcome for the assessee without costs imposed. Case-Laws Income Tax Tue, 03 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241172