https://www.taxtmi.com/caselaws?id=10532 The High Court of Bombay affirmed the Income-tax Appellate Tribunal's decision that the assessee's activities of manufacturing laminated cartons constituted a manufacturing process eligible for deduction under section 80-IB of the Income-tax Act, 1961. The Court agreed that the transformation of raw materials into printed, laminated, and waxed cartons resulted in significant changes in characteristics and use, aligning with established legal principles. The Court dismissed the appeal against the Tribunal's order, upholding the eligibility of the assessee for the deduction under section 80-IB. en-us Mon, 06 Dec 2004 00:00:00 +0530 Fri, 17 Jul 2009 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10532 The High Court of Bombay affirmed the Income-tax Appellate Tribunal's decision that the assessee's activities of manufacturing laminated cartons constituted a manufacturing process eligible for deduction under section 80-IB of the Income-tax Act, 1961. The Court agreed that the transformation of raw materials into printed, laminated, and waxed cartons resulted in significant changes in characteristics and use, aligning with established legal principles. The Court dismissed the appeal against the Tribunal's order, upholding the eligibility of the assessee for the deduction under section 80-IB. Case-Laws Income Tax Mon, 06 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10532