https://www.taxtmi.com/caselaws?id=20807 The High Court held that the Appellate Tribunal's decision granting deductions under sections 80I and 80HH of the Income-tax Act to a private limited company was flawed. The Tribunal's reliance on a government notification regarding preserved latex as a manufactured good was deemed excessive. The Court emphasized the importance of applying the legal test for determining manufacturing, requiring evidence of a new commodity emerging from the process. The case was remanded for a fresh decision, stressing the need for a proper assessment of whether the centrifuging process constituted manufacturing for the company's entitlement to deductions. en-us Mon, 22 Feb 1993 00:00:00 +0530 Tue, 17 Nov 2009 13:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20807 The High Court held that the Appellate Tribunal's decision granting deductions under sections 80I and 80HH of the Income-tax Act to a private limited company was flawed. The Tribunal's reliance on a government notification regarding preserved latex as a manufactured good was deemed excessive. The Court emphasized the importance of applying the legal test for determining manufacturing, requiring evidence of a new commodity emerging from the process. The case was remanded for a fresh decision, stressing the need for a proper assessment of whether the centrifuging process constituted manufacturing for the company's entitlement to deductions. Case-Laws Income Tax Mon, 22 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20807