https://www.taxtmi.com/caselaws?id=252610 Ship-breaking activity is treated as production for deductions under sections 80HH and 80-I because dismantling a ship yields distinct articles. The analysis applies the Supreme Court's distinction between "production" and "manufacture", under which production has a broader meaning and need not result in an entirely new product. Since the statutory language refers to "produce" without requiring that the output be new, articles obtained through ship breaking satisfy the production requirement. On that basis, the assessee's ship-breaking operations were eligible for the claimed deductions, and the revenue's challenge failed. en-us Wed, 15 Oct 2014 00:00:00 +0530 Thu, 30 Oct 2014 06:20:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252610 Ship-breaking activity is treated as production for deductions under sections 80HH and 80-I because dismantling a ship yields distinct articles. The analysis applies the Supreme Court's distinction between "production" and "manufacture", under which production has a broader meaning and need not result in an entirely new product. Since the statutory language refers to "produce" without requiring that the output be new, articles obtained through ship breaking satisfy the production requirement. On that basis, the assessee's ship-breaking operations were eligible for the claimed deductions, and the revenue's challenge failed. Case-Laws Income Tax Wed, 15 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252610