https://www.taxtmi.com/caselaws?id=278234 The High Court held that the assessee, a partnership firm engaged in cutting and polishing diamonds, was entitled to a deduction under Section 10B of the Income Tax Act for the period before the insertion of Explanation 4. The Court determined that cutting and polishing diamonds constituted manufacturing, qualifying for the deduction. The Tribunal's decision was overturned, and the assessee was granted the deduction. en-us Mon, 09 Apr 2018 00:00:00 +0530 Sat, 19 Jan 2019 07:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278234 The High Court held that the assessee, a partnership firm engaged in cutting and polishing diamonds, was entitled to a deduction under Section 10B of the Income Tax Act for the period before the insertion of Explanation 4. The Court determined that cutting and polishing diamonds constituted manufacturing, qualifying for the deduction. The Tribunal's decision was overturned, and the assessee was granted the deduction. Case-Laws Income Tax Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278234