https://www.taxtmi.com/caselaws?id=377083 The High Court held that converting Paddy into Rice qualifies as "manufacture or production" under Sections 80IA/80IB of the Income Tax Act, 1961. The Court adopted a broad interpretation, noting the transformation into a distinct commercial product. Consequently, the Assessee was granted the deductions for the relevant assessment years, with the Revenue's appeals being dismissed. en-us Wed, 20 Feb 2019 00:00:00 +0530 Mon, 08 Aug 2022 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377083 The High Court held that converting Paddy into Rice qualifies as "manufacture or production" under Sections 80IA/80IB of the Income Tax Act, 1961. The Court adopted a broad interpretation, noting the transformation into a distinct commercial product. Consequently, the Assessee was granted the deductions for the relevant assessment years, with the Revenue's appeals being dismissed. Case-Laws Income Tax Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377083