https://www.taxtmi.com/caselaws?id=327706 The Tribunal ruled that the respondent-assessee-company's activities qualified as 'manufacture' under Section 10B of the Income-tax Act, 1961, as the processes resulted in a new and distinct commodity. However, the Tribunal determined that the period of 10 consecutive assessment years for claiming deduction under Section 10B should start from the year of commencement of production, leading to the denial of the deduction for the assessment year 2008-09. The Tribunal allowed the revenue's appeal, emphasizing the commencement year as the starting point for the 10-year period. en-us Wed, 11 May 2016 00:00:00 +0530 Tue, 17 May 2016 22:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327706 The Tribunal ruled that the respondent-assessee-company's activities qualified as 'manufacture' under Section 10B of the Income-tax Act, 1961, as the processes resulted in a new and distinct commodity. However, the Tribunal determined that the period of 10 consecutive assessment years for claiming deduction under Section 10B should start from the year of commencement of production, leading to the denial of the deduction for the assessment year 2008-09. The Tribunal allowed the revenue's appeal, emphasizing the commencement year as the starting point for the 10-year period. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327706