https://www.taxtmi.com/caselaws?id=24085 The court held that the profit obtained by the Indian company from the sale of imported chemicals was not attributable to its manufacturing activity of leather goods. The court found that the income from the sale of chemicals was not sufficiently connected to the manufacturing process of leather goods. Consequently, the court ruled in favor of the Revenue, awarding costs to them, and the judgment will be conveyed to the Income-tax Appellate Tribunal, Madras Bench for implementation. en-us Tue, 14 Feb 1978 00:00:00 +0530 Sat, 16 Jan 2010 15:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24085 The court held that the profit obtained by the Indian company from the sale of imported chemicals was not attributable to its manufacturing activity of leather goods. The court found that the income from the sale of chemicals was not sufficiently connected to the manufacturing process of leather goods. Consequently, the court ruled in favor of the Revenue, awarding costs to them, and the judgment will be conveyed to the Income-tax Appellate Tribunal, Madras Bench for implementation. Case-Laws Income Tax Tue, 14 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24085