https://www.taxtmi.com/caselaws?id=15504 The High Court ruled that the partnership firm engaged in pile foundation work did not qualify as an industrial undertaking for deduction under section 80-I of the Income-tax Act. The court emphasized the distinction between "production" and "manufacture," stating that construction activities like pile foundation work did not constitute manufacturing or production processes. Referring to precedent, the court held that the firm's activities did not involve manufacturing or production, leading to a decision in favor of the Revenue. Therefore, the assessee was not entitled to the deduction for profits from construction activities, resolving the case without addressing the manufacturing aspect. en-us Fri, 24 Sep 1999 00:00:00 +0530 Tue, 25 Aug 2009 16:16:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15504 The High Court ruled that the partnership firm engaged in pile foundation work did not qualify as an industrial undertaking for deduction under section 80-I of the Income-tax Act. The court emphasized the distinction between "production" and "manufacture," stating that construction activities like pile foundation work did not constitute manufacturing or production processes. Referring to precedent, the court held that the firm's activities did not involve manufacturing or production, leading to a decision in favor of the Revenue. Therefore, the assessee was not entitled to the deduction for profits from construction activities, resolving the case without addressing the manufacturing aspect. Case-Laws Income Tax Fri, 24 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15504