https://www.taxtmi.com/caselaws?id=259779 The court ruled in favor of the assessee on issues 1 and 2, confirming that the conversion of gram Dal into Besan amounts to manufacture and that profits eligible for deduction under Section 80IB(4) need not be computed after allowing depreciation for years prior to 2002-03. However, on issue 3, the court ruled in favor of the revenue, concluding that the assessee did not meet the requirement of employing ten or more workers for a substantial part of the year. All appeals were disposed of accordingly, with each party bearing its own costs. en-us Thu, 23 Apr 2015 00:00:00 +0530 Wed, 20 May 2015 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259779 The court ruled in favor of the assessee on issues 1 and 2, confirming that the conversion of gram Dal into Besan amounts to manufacture and that profits eligible for deduction under Section 80IB(4) need not be computed after allowing depreciation for years prior to 2002-03. However, on issue 3, the court ruled in favor of the revenue, concluding that the assessee did not meet the requirement of employing ten or more workers for a substantial part of the year. All appeals were disposed of accordingly, with each party bearing its own costs. Case-Laws Income Tax Thu, 23 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259779