https://www.taxtmi.com/caselaws?id=28768 The High Court determined that the extraction of metals from scraps by an assessee-company constituted manufacturing and production activities for the purpose of surtax and deduction under the Income-tax Act. The Court emphasized the transformation process from scrap to pure metal, creating a new distinct article. Citing precedents and the CBDT's interpretation, the Court affirmed the Tribunal's decision, granting the assessee's claim for surtax rebate and deduction. The Court did not address questions regarding the purchase of ingots, deeming them unnecessary. The Commissioner was directed to cover the costs of the reference. en-us Mon, 28 Jun 1982 00:00:00 +0530 Thu, 25 Feb 2010 15:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28768 The High Court determined that the extraction of metals from scraps by an assessee-company constituted manufacturing and production activities for the purpose of surtax and deduction under the Income-tax Act. The Court emphasized the transformation process from scrap to pure metal, creating a new distinct article. Citing precedents and the CBDT's interpretation, the Court affirmed the Tribunal's decision, granting the assessee's claim for surtax rebate and deduction. The Court did not address questions regarding the purchase of ingots, deeming them unnecessary. The Commissioner was directed to cover the costs of the reference. Case-Laws Income Tax Mon, 28 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28768