https://www.taxtmi.com/caselaws?id=31114 The court determined that twisting and texturizing of Partially Oriented Yarn (POY) constitutes manufacturing, qualifying for deductions under Section 80IA of the Income Tax Act. Expert opinions and case law supported the finding that the process results in a distinct product with altered properties. The court upheld the Tribunal's decision, dismissing the appeal. The issue of applying res judicata in income-tax proceedings was deemed unnecessary for the appeal's resolution. en-us Wed, 27 Feb 2008 00:00:00 +0530 Sun, 19 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31114 The court determined that twisting and texturizing of Partially Oriented Yarn (POY) constitutes manufacturing, qualifying for deductions under Section 80IA of the Income Tax Act. Expert opinions and case law supported the finding that the process results in a distinct product with altered properties. The court upheld the Tribunal's decision, dismissing the appeal. The issue of applying res judicata in income-tax proceedings was deemed unnecessary for the appeal's resolution. Case-Laws Income Tax Wed, 27 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31114