https://www.taxtmi.com/caselaws?id=244651 The partnership firm engaged in manufacturing and exporting jewellery sought the benefit of Section 10A of the Income Tax Act. The Assessing Officer initially denied the benefit, but the CIT (A) and ITAT ruled in favor of the firm, allowing the exemption for profits derived from exporting jewellery. The High Court confirmed that jewellery making through job work constitutes manufacturing, supporting the firm's eligibility for deduction under Section 10A. Additionally, expenses related to machinery acquisition were allowed after the assessee provided proof during appellate proceedings, with the High Court emphasizing the assessing authority's inability to revisit factual findings. The disallowance of designing and fabrication charges for deduction under Section 10A was also overturned in favor of the assessee. en-us Mon, 03 Feb 2014 00:00:00 +0530 Sat, 07 Jun 2014 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244651 The partnership firm engaged in manufacturing and exporting jewellery sought the benefit of Section 10A of the Income Tax Act. The Assessing Officer initially denied the benefit, but the CIT (A) and ITAT ruled in favor of the firm, allowing the exemption for profits derived from exporting jewellery. The High Court confirmed that jewellery making through job work constitutes manufacturing, supporting the firm's eligibility for deduction under Section 10A. Additionally, expenses related to machinery acquisition were allowed after the assessee provided proof during appellate proceedings, with the High Court emphasizing the assessing authority's inability to revisit factual findings. The disallowance of designing and fabrication charges for deduction under Section 10A was also overturned in favor of the assessee. Case-Laws Income Tax Mon, 03 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244651