https://www.taxtmi.com/caselaws?id=11842 The High Court ruled against the assessee and in favor of the Revenue regarding the entitlement to relief under Section 32A of the Income-tax Act, stating that the activities did not amount to manufacturing. Additionally, the court denied relief under Section 80HHC for the assessment year 1988-89, emphasizing that the amendment allowing processed minerals and ores to qualify for benefits was prospective, not retrospective. The court dismissed the relevance of circulars and highlighted the lack of evidence of value addition in the exported granite blocks, ultimately ruling against the assessee in both aspects. en-us Tue, 19 Nov 2002 00:00:00 +0530 Wed, 10 Feb 2010 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11842 The High Court ruled against the assessee and in favor of the Revenue regarding the entitlement to relief under Section 32A of the Income-tax Act, stating that the activities did not amount to manufacturing. Additionally, the court denied relief under Section 80HHC for the assessment year 1988-89, emphasizing that the amendment allowing processed minerals and ores to qualify for benefits was prospective, not retrospective. The court dismissed the relevance of circulars and highlighted the lack of evidence of value addition in the exported granite blocks, ultimately ruling against the assessee in both aspects. Case-Laws Income Tax Tue, 19 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11842