https://www.taxtmi.com/caselaws?id=348477 The court held that the activity of galvanization amounts to manufacture under Section 80 IB of the Income Tax Act as it transforms raw iron pipes into galvanized iron pipes, a distinct commodity. The interest subsidy received by the appellant qualifies as income derived from the industrial undertaking and is eligible for deduction under Section 80 IB. Additionally, the court allowed the deduction of EPF under Section 43B if deposited before the filing date of the return, answering all substantial questions of law in favor of the assessee and quashing previous orders. en-us Thu, 31 Aug 2017 00:00:00 +0530 Fri, 22 Sep 2017 06:50:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348477 The court held that the activity of galvanization amounts to manufacture under Section 80 IB of the Income Tax Act as it transforms raw iron pipes into galvanized iron pipes, a distinct commodity. The interest subsidy received by the appellant qualifies as income derived from the industrial undertaking and is eligible for deduction under Section 80 IB. Additionally, the court allowed the deduction of EPF under Section 43B if deposited before the filing date of the return, answering all substantial questions of law in favor of the assessee and quashing previous orders. Case-Laws Income Tax Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348477