https://www.taxtmi.com/caselaws?id=248355 The High Court affirmed the Tribunal's decision, granting deductions under sections 80HH and 80-I of the Income-tax Act to the respondent-assessee operating metal crushing units. The court held that the process involved in converting granite boulders into various products constituted manufacturing and production activities, as the resulting products had distinct utility and commercial identity. The Revenue's argument that the activities did not amount to manufacturing was dismissed, emphasizing the creation of new products with different commercial identities. The court also allowed deductions under multiple sections concurrently, following the principle that relevant and independent claims should be honored simultaneously. en-us Mon, 20 Jan 2014 00:00:00 +0530 Mon, 31 Aug 2015 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248355 The High Court affirmed the Tribunal's decision, granting deductions under sections 80HH and 80-I of the Income-tax Act to the respondent-assessee operating metal crushing units. The court held that the process involved in converting granite boulders into various products constituted manufacturing and production activities, as the resulting products had distinct utility and commercial identity. The Revenue's argument that the activities did not amount to manufacturing was dismissed, emphasizing the creation of new products with different commercial identities. The court also allowed deductions under multiple sections concurrently, following the principle that relevant and independent claims should be honored simultaneously. Case-Laws Income Tax Mon, 20 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248355