Jammu Unit's Activity Qualifies as Manufacturing u/s 80IB(4), Tax Deduction Granted Despite No R&D Costs. https://www.taxtmi.com/highlights?id=69583 Deduction u/s 80IB(4) - manufacturing activity or not - profit earned out of Jammu & Kashmir Unit - The plea that there was no research and development expenditure at Jammu Unit has no relevance in the context of present case since carrying out research activities is not essential ingredient of manufacturing. - The assessee is mixing various raw materials to manufacture different commodity which fall under separate excise tariff heading. - Benefit of exemption allowed - AT en-us Thu, 04 May 2023 12:21:31 +0530 Thu, 04 May 2023 12:21:31 +0530 TaxTMI RSS Generator Jammu Unit's Activity Qualifies as Manufacturing u/s 80IB(4), Tax Deduction Granted Despite No R&D Costs. https://www.taxtmi.com/highlights?id=69583 Deduction u/s 80IB(4) - manufacturing activity or not - profit earned out of Jammu & Kashmir Unit - The plea that there was no research and development expenditure at Jammu Unit has no relevance in the context of present case since carrying out research activities is not essential ingredient of manufacturing. - The assessee is mixing various raw materials to manufacture different commodity which fall under separate excise tariff heading. - Benefit of exemption allowed - AT Highlights Income Tax Thu, 04 May 2023 12:21:31 +0530 https://www.taxtmi.com/highlights?id=69583