https://www.taxtmi.com/caselaws?id=278527 The Supreme Court, in a batch of Civil Appeals, determined that twisting and texturising of partially oriented yarn can amount to 'manufacture' under Section 80IA of the Income Tax Act, 1961. The Court emphasized the transformative process of converting partially oriented yarn into texturized yarn, making it suitable for fabric production. It held that the structural changes brought about by the thermo mechanical process align with the definition of 'manufacture' under the Act. The Court dismissed the Civil Appeals, affirming that the specific process applied to partially oriented yarn in this case qualifies as 'manufacture' for tax purposes. en-us Wed, 20 Jan 2010 00:00:00 +0530 Tue, 22 Aug 2023 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278527 The Supreme Court, in a batch of Civil Appeals, determined that twisting and texturising of partially oriented yarn can amount to 'manufacture' under Section 80IA of the Income Tax Act, 1961. The Court emphasized the transformative process of converting partially oriented yarn into texturized yarn, making it suitable for fabric production. It held that the structural changes brought about by the thermo mechanical process align with the definition of 'manufacture' under the Act. The Court dismissed the Civil Appeals, affirming that the specific process applied to partially oriented yarn in this case qualifies as 'manufacture' for tax purposes. Case-Laws Income Tax Wed, 20 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278527