https://www.taxtmi.com/caselaws?id=246047 The HC upheld the Tribunal's finding that the process of segregating metal scrap from cable scrap constitutes manufacture under section 10B of the Income-tax Act, as it results in a new, distinct commodity. The court rejected Revenue's contention that the activity was not manufacturing, noting the assessees paid excise duty on DTA sales, affirming the manufacturing nature of the process. The matter was remanded to the AO to reconsider the allowability of deductions under sections 10B, 80IB, and 80HHC based on DTA sales. The HC held that legal grounds and claims can be raised before appellate authorities if facts are on record, allowing the assessees to claim deductions under sections 80IB and 80HHC. The decision was against Revenue. en-us Wed, 02 Apr 2014 00:00:00 +0530 Fri, 01 May 2026 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246047 The HC upheld the Tribunal's finding that the process of segregating metal scrap from cable scrap constitutes manufacture under section 10B of the Income-tax Act, as it results in a new, distinct commodity. The court rejected Revenue's contention that the activity was not manufacturing, noting the assessees paid excise duty on DTA sales, affirming the manufacturing nature of the process. The matter was remanded to the AO to reconsider the allowability of deductions under sections 10B, 80IB, and 80HHC based on DTA sales. The HC held that legal grounds and claims can be raised before appellate authorities if facts are on record, allowing the assessees to claim deductions under sections 80IB and 80HHC. The decision was against Revenue. Case-Laws Income Tax Wed, 02 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246047