https://www.taxtmi.com/caselaws?id=33699 The court held that the printing process undertaken by the assessee constituted manufacturing, entitling them to a deduction under section 80-IA for the assessment year 1999-2000. Both the Commissioner of Income-tax (Appeals) and the Tribunal ruled in favor of the assessee, emphasizing that the printing of labels using raw materials resulted in new and distinct commercial products. The court distinguished a previous judgment where printing on pharmaceutical capsules was not considered manufacturing, highlighting the unique circumstances of the present case. The court dismissed the tax case, affirming the validity of the Tribunal's decision. en-us Mon, 30 Jul 2007 00:00:00 +0530 Fri, 05 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33699 The court held that the printing process undertaken by the assessee constituted manufacturing, entitling them to a deduction under section 80-IA for the assessment year 1999-2000. Both the Commissioner of Income-tax (Appeals) and the Tribunal ruled in favor of the assessee, emphasizing that the printing of labels using raw materials resulted in new and distinct commercial products. The court distinguished a previous judgment where printing on pharmaceutical capsules was not considered manufacturing, highlighting the unique circumstances of the present case. The court dismissed the tax case, affirming the validity of the Tribunal's decision. Case-Laws Income Tax Mon, 30 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33699