https://www.taxtmi.com/caselaws?id=35228 SC held that twisting and texturising partially oriented yarn (POY) constitutes "manufacture" for Section 80IA purposes. The Court emphasized that not every change is manufacture, but operations that render a commodity fit for a use for which it was previously unfit qualify as manufacture. POY is a semi-finished input; the thermo-mechanical texturising process converts it into texturised yarn suitable for fabric production, thereby amounting to manufacture. The Court urged authorities to assess the applicable industrial process rather than rely solely on dictionary meanings. en-us Wed, 20 Jan 2010 00:00:00 +0530 Wed, 03 Sep 2025 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35228 SC held that twisting and texturising partially oriented yarn (POY) constitutes "manufacture" for Section 80IA purposes. The Court emphasized that not every change is manufacture, but operations that render a commodity fit for a use for which it was previously unfit qualify as manufacture. POY is a semi-finished input; the thermo-mechanical texturising process converts it into texturised yarn suitable for fabric production, thereby amounting to manufacture. The Court urged authorities to assess the applicable industrial process rather than rely solely on dictionary meanings. Case-Laws Income Tax Wed, 20 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35228