https://www.taxtmi.com/caselaws?id=9792 The court affirmed that processing film and printing photographs from negatives constitute a manufacturing activity eligible for deduction under section 80-I of the Income-tax Act, 1961. The appeal challenging the allowance of deduction for a photo processing machine was dismissed, aligning with precedents and the Tribunal's decision. The judgment emphasizes that transforming raw materials into new commercial commodities, even if the original material retains some identity, qualifies as manufacturing. Activities resulting in the creation of distinct commercial products entitle the assessee to claim investment allowance under the Act. en-us Thu, 16 Feb 2006 00:00:00 +0530 Wed, 01 Jul 2009 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9792 The court affirmed that processing film and printing photographs from negatives constitute a manufacturing activity eligible for deduction under section 80-I of the Income-tax Act, 1961. The appeal challenging the allowance of deduction for a photo processing machine was dismissed, aligning with precedents and the Tribunal's decision. The judgment emphasizes that transforming raw materials into new commercial commodities, even if the original material retains some identity, qualifies as manufacturing. Activities resulting in the creation of distinct commercial products entitle the assessee to claim investment allowance under the Act. Case-Laws Income Tax Thu, 16 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9792