https://www.taxtmi.com/caselaws?id=32230 Machining raw castings through inspection, tooling, milling and related processes can amount to manufacture or production where the end product is commercially distinct from the input in name, character and use. Applying that test, raw castings were transformed into machined castings with a separate identity and use, so the activity was treated as manufacture or production. The undertaking therefore satisfied the statutory requirement for deduction under section 80-IC(2) of the Income-tax Act, 1961, and the applicant was entitled to the deduction. en-us Tue, 27 Jan 2009 00:00:00 +0530 Fri, 06 Mar 2009 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32230 Machining raw castings through inspection, tooling, milling and related processes can amount to manufacture or production where the end product is commercially distinct from the input in name, character and use. Applying that test, raw castings were transformed into machined castings with a separate identity and use, so the activity was treated as manufacture or production. The undertaking therefore satisfied the statutory requirement for deduction under section 80-IC(2) of the Income-tax Act, 1961, and the applicant was entitled to the deduction. Case-Laws Income Tax Tue, 27 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32230