https://www.taxtmi.com/caselaws?id=392986 The High Court confirmed that the production of poultry feed by the Assessee constituted "manufacture" under the Income Tax Act. The court emphasized that the end product had a different commercial identity and utility from its raw materials, meeting the definition of "manufacture." The Tribunal's decision in favor of the Assessee was upheld, and the Assessing Officer's disallowance of the deduction under Section 80-IB(5) was deemed unjustified. The Revenue's appeal was dismissed, and they were ordered to bear the costs of the appeal. en-us Thu, 27 Feb 2020 00:00:00 +0530 Wed, 19 Aug 2020 13:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392986 The High Court confirmed that the production of poultry feed by the Assessee constituted "manufacture" under the Income Tax Act. The court emphasized that the end product had a different commercial identity and utility from its raw materials, meeting the definition of "manufacture." The Tribunal's decision in favor of the Assessee was upheld, and the Assessing Officer's disallowance of the deduction under Section 80-IB(5) was deemed unjustified. The Revenue's appeal was dismissed, and they were ordered to bear the costs of the appeal. Case-Laws Income Tax Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392986