https://www.taxtmi.com/caselaws?id=32176 The Court upheld the Tribunal's decision that the assessee's activity of assembling motorcycle wheels constituted 'manufacture' for claiming deduction under section 80-IA. It emphasized that 'manufacture' involves creating a new commodity with distinct characteristics, different from its components. The Court rejected the revenue's argument that no 'manufacture' occurred because the end product remained a wheel, citing Supreme Court precedents. The Tribunal's determination that a separate article emerged from the assembly process was affirmed, leading to the dismissal of the appeal and confirming the assessee's eligibility for the deduction under section 80-IA. en-us Fri, 31 Oct 2008 00:00:00 +0530 Fri, 23 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32176 The Court upheld the Tribunal's decision that the assessee's activity of assembling motorcycle wheels constituted 'manufacture' for claiming deduction under section 80-IA. It emphasized that 'manufacture' involves creating a new commodity with distinct characteristics, different from its components. The Court rejected the revenue's argument that no 'manufacture' occurred because the end product remained a wheel, citing Supreme Court precedents. The Tribunal's determination that a separate article emerged from the assembly process was affirmed, leading to the dismissal of the appeal and confirming the assessee's eligibility for the deduction under section 80-IA. Case-Laws Income Tax Fri, 31 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32176