https://www.taxtmi.com/caselaws?id=182609 The Tribunal upheld the CIT(A)'s decision, determining that the stone crushing activities qualified as manufacturing under section 80IB of the IT Act. The Tribunal found that breaking boulders into grits transformed the product into a marketable item, distinguishing it from previous case law. Consequently, the assessee was deemed eligible for exemption, with the Tribunal ruling in their favor and dismissing the revenue's appeal. en-us Thu, 18 Feb 2010 00:00:00 +0530 Sat, 14 May 2016 13:48:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182609 The Tribunal upheld the CIT(A)'s decision, determining that the stone crushing activities qualified as manufacturing under section 80IB of the IT Act. The Tribunal found that breaking boulders into grits transformed the product into a marketable item, distinguishing it from previous case law. Consequently, the assessee was deemed eligible for exemption, with the Tribunal ruling in their favor and dismissing the revenue's appeal. Case-Laws Income Tax Thu, 18 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182609