https://www.taxtmi.com/caselaws?id=406901 Processing dead crab into pasteurized crab meat was treated as manufacture or production because the activity involved multiple stages of processing, labour, machinery and chemical treatment, resulting in a commercially distinct product with a different name, character and use; deduction under section 10B was therefore allowable. Exchange fluctuation on export proceeds, enhanced profits from disallowance of expenses, and the adjustment of expenses in export turnover versus total turnover were not finally decided and were remitted for fresh consideration, with the latter issues noted as being in principle favourable to the assessee. en-us Wed, 21 Apr 2021 00:00:00 +0530 Mon, 26 Apr 2021 10:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406901 Processing dead crab into pasteurized crab meat was treated as manufacture or production because the activity involved multiple stages of processing, labour, machinery and chemical treatment, resulting in a commercially distinct product with a different name, character and use; deduction under section 10B was therefore allowable. Exchange fluctuation on export proceeds, enhanced profits from disallowance of expenses, and the adjustment of expenses in export turnover versus total turnover were not finally decided and were remitted for fresh consideration, with the latter issues noted as being in principle favourable to the assessee. Case-Laws Income Tax Wed, 21 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406901