https://www.taxtmi.com/caselaws?id=398509 The Court dismissed the appeal filed by the revenue under Section 260-A of the Income Tax Act, 1961, upholding that the assessee's activities constituted manufacturing despite involving polishing crystals and assembling glass and crystals. The Court relied on a previous judgment where a similar question was addressed, ruling in favor of the assessee and against the revenue's contention that the process did not bring anything new into existence. The Court affirmed that the activities qualified as manufacturing under the Income Tax Act, 1961. en-us Wed, 02 Sep 2020 00:00:00 +0530 Thu, 17 Sep 2020 18:22:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398509 The Court dismissed the appeal filed by the revenue under Section 260-A of the Income Tax Act, 1961, upholding that the assessee's activities constituted manufacturing despite involving polishing crystals and assembling glass and crystals. The Court relied on a previous judgment where a similar question was addressed, ruling in favor of the assessee and against the revenue's contention that the process did not bring anything new into existence. The Court affirmed that the activities qualified as manufacturing under the Income Tax Act, 1961. Case-Laws Income Tax Wed, 02 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398509