https://www.taxtmi.com/caselaws?id=8992 Section 15C relief for a new industrial undertaking begins only when the undertaking first reaches regular manufacture or production of articles capable of use in the intended finished commercial product. Mere preparation of an intermediary or trial product, requiring further testing before it can become saleable, does not mark the commencement of manufacture or production. Applying that construction, the undertaking was treated as having begun production only when usable finished goods were first made, so exemption was available for the relevant assessment year. en-us Thu, 26 Jul 1973 00:00:00 +0530 Thu, 18 Jun 2009 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8992 Section 15C relief for a new industrial undertaking begins only when the undertaking first reaches regular manufacture or production of articles capable of use in the intended finished commercial product. Mere preparation of an intermediary or trial product, requiring further testing before it can become saleable, does not mark the commencement of manufacture or production. Applying that construction, the undertaking was treated as having begun production only when usable finished goods were first made, so exemption was available for the relevant assessment year. Case-Laws Income Tax Thu, 26 Jul 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8992