https://www.taxtmi.com/caselaws?id=286464 The ITAT ruled that the extraction and processing of granite boulders by the assessees constituted "manufacture or production" under sec. 80IB. The absence of a valid Small Scale Industrial (SSI) certificate did not disqualify them from claiming the deduction under sec. 80IB. The Tribunal held that the mechanical processes involved in producing granite aggregates resulted in new commodities, meeting the criteria of "manufacture." Additionally, registration under the Industrial Development Regulation Act was not mandatory for claiming the deduction, as long as the ownership and value of plant and machinery criteria were met. en-us Thu, 05 Sep 2013 00:00:00 +0530 Thu, 27 Feb 2020 15:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286464 The ITAT ruled that the extraction and processing of granite boulders by the assessees constituted "manufacture or production" under sec. 80IB. The absence of a valid Small Scale Industrial (SSI) certificate did not disqualify them from claiming the deduction under sec. 80IB. The Tribunal held that the mechanical processes involved in producing granite aggregates resulted in new commodities, meeting the criteria of "manufacture." Additionally, registration under the Industrial Development Regulation Act was not mandatory for claiming the deduction, as long as the ownership and value of plant and machinery criteria were met. Case-Laws Income Tax Thu, 05 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286464