https://www.taxtmi.com/caselaws?id=10024 The High Court of MADRAS upheld the order allowing deduction under section 80-IA of the Income-tax Act, 1961, in a case involving the classification of processing film and printing photographs as manufacturing activities for claiming benefits under section 80-I. The court determined that the transformation of film rolls into distinct photographs constituted manufacturing, creating a new commercial commodity. Relying on precedents and decisions from other High Courts, the court affirmed the eligibility of such activities for investment allowance. The appeal was dismissed, confirming the assessee's entitlement to the deduction under the Income-tax Act. en-us Mon, 27 Feb 2006 00:00:00 +0530 Sun, 05 Jul 2009 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10024 The High Court of MADRAS upheld the order allowing deduction under section 80-IA of the Income-tax Act, 1961, in a case involving the classification of processing film and printing photographs as manufacturing activities for claiming benefits under section 80-I. The court determined that the transformation of film rolls into distinct photographs constituted manufacturing, creating a new commercial commodity. Relying on precedents and decisions from other High Courts, the court affirmed the eligibility of such activities for investment allowance. The appeal was dismissed, confirming the assessee's entitlement to the deduction under the Income-tax Act. Case-Laws Income Tax Mon, 27 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10024