https://www.taxtmi.com/caselaws?id=253760 The court examined the interpretation of Sections 80HH and 80I of the Income Tax Act for claiming deductions. The case involved determining whether converting cotton pieces into yarn constituted a manufacturing process for the purpose of claiming deductions. Relying on relevant case laws and comparing criteria under different acts, the court found in favor of the respondent, an Industrial Undertaking, allowing the deductions for the assessment year 1992-1993. The court distinguished the activities as qualifying for deductions under the Income Tax Act, emphasizing the independence of the final product from its raw material. en-us Wed, 05 Nov 2014 00:00:00 +0530 Fri, 05 Aug 2022 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253760 The court examined the interpretation of Sections 80HH and 80I of the Income Tax Act for claiming deductions. The case involved determining whether converting cotton pieces into yarn constituted a manufacturing process for the purpose of claiming deductions. Relying on relevant case laws and comparing criteria under different acts, the court found in favor of the respondent, an Industrial Undertaking, allowing the deductions for the assessment year 1992-1993. The court distinguished the activities as qualifying for deductions under the Income Tax Act, emphasizing the independence of the final product from its raw material. Case-Laws Income Tax Wed, 05 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253760