https://www.taxtmi.com/caselaws?id=263338 The Tribunal upheld the CIT (A)'s decision, confirming that the assessee's business activities constituted manufacturing under the Act. The Tribunal dismissed the Revenue's appeals, affirming the allowance of the deduction u/s 10B for the extraction and export of granite blocks. The process of converting rock into dimensional blocks was deemed a transformation into a new article, meeting the Act's definition of 'manufacture.' The Tribunal's decision aligned with relevant legal provisions and case law, supporting the assessee's eligibility for the deduction. en-us Fri, 14 Aug 2015 00:00:00 +0530 Mon, 09 Nov 2015 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263338 The Tribunal upheld the CIT (A)'s decision, confirming that the assessee's business activities constituted manufacturing under the Act. The Tribunal dismissed the Revenue's appeals, affirming the allowance of the deduction u/s 10B for the extraction and export of granite blocks. The process of converting rock into dimensional blocks was deemed a transformation into a new article, meeting the Act's definition of 'manufacture.' The Tribunal's decision aligned with relevant legal provisions and case law, supporting the assessee's eligibility for the deduction. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263338