https://www.taxtmi.com/caselaws?id=341787 Processing run-of-mine iron ore by screening, washing and blending was treated as mere removal of impurities and value addition, not manufacture or production, because no new and distinct commercial commodity emerged; deduction under section 10B was therefore denied. Freight and transport-related amounts attributable beyond the customs station were reduced from export turnover, and corresponding transport expenditure disallowed under section 40(a)(ia) could be adjusted in computing business profit for section 80HHC. Expenditure on illegally mined iron ore was held inadmissible under section 37(1) as it was incurred for an unlawful purpose. Mere ledger entries did not prove actual transport expenditure. Closing stock addition was sustained, while depreciation on the crushing plant was remitted for fresh examination. en-us Tue, 20 Sep 2016 00:00:00 +0530 Tue, 18 Apr 2017 08:59:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341787 Processing run-of-mine iron ore by screening, washing and blending was treated as mere removal of impurities and value addition, not manufacture or production, because no new and distinct commercial commodity emerged; deduction under section 10B was therefore denied. Freight and transport-related amounts attributable beyond the customs station were reduced from export turnover, and corresponding transport expenditure disallowed under section 40(a)(ia) could be adjusted in computing business profit for section 80HHC. Expenditure on illegally mined iron ore was held inadmissible under section 37(1) as it was incurred for an unlawful purpose. Mere ledger entries did not prove actual transport expenditure. Closing stock addition was sustained, while depreciation on the crushing plant was remitted for fresh examination. Case-Laws Income Tax Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341787