https://www.taxtmi.com/caselaws?id=251235 The Tribunal allowed the assessee's appeals for the assessment years 2008-09 and 2009-10, holding that cutting and polishing diamonds constitute manufacturing under section 80IC of the Income Tax Act. The disallowance of the deduction was set aside, and the Assessing Officer was directed to recompute the income. Additionally, interest under sections 234B and 234D was to be adjusted consequentially. en-us Fri, 14 Feb 2014 00:00:00 +0530 Mon, 08 Sep 2014 10:39:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251235 The Tribunal allowed the assessee's appeals for the assessment years 2008-09 and 2009-10, holding that cutting and polishing diamonds constitute manufacturing under section 80IC of the Income Tax Act. The disallowance of the deduction was set aside, and the Assessing Officer was directed to recompute the income. Additionally, interest under sections 234B and 234D was to be adjusted consequentially. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251235