https://www.taxtmi.com/caselaws?id=15534 The High Court ruled against the assessee's entitlement to deductions under sections 80HH and 80-I of the IT Act, 1961, in a case involving processing and export of shrimps. The court held that the processed shrimps did not constitute distinct commodities from the raw shrimps, based on precedents establishing that processed shrimps were commercially regarded as the same commodity. Consequently, the Tribunal's decision to allow deductions was overturned in favor of the Revenue, emphasizing the importance of manufacturing activities and the interpretation of 'production' in determining eligibility for tax benefits. en-us Wed, 22 Sep 1999 00:00:00 +0530 Tue, 25 Aug 2009 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15534 The High Court ruled against the assessee's entitlement to deductions under sections 80HH and 80-I of the IT Act, 1961, in a case involving processing and export of shrimps. The court held that the processed shrimps did not constitute distinct commodities from the raw shrimps, based on precedents establishing that processed shrimps were commercially regarded as the same commodity. Consequently, the Tribunal's decision to allow deductions was overturned in favor of the Revenue, emphasizing the importance of manufacturing activities and the interpretation of 'production' in determining eligibility for tax benefits. Case-Laws Income Tax Wed, 22 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15534