https://www.taxtmi.com/caselaws?id=456673 The Rajasthan HC upheld the Tribunal's decision granting Section 80IB deductions to an assessee engaged in mining blocks and processing them into tiles through cutting and polishing. The Revenue argued this constituted mere mining rather than manufacturing activity. The HC ruled that "production" has wider meaning than "manufacture," following Supreme Court precedent in Sesa Goa Ltd and Rajasthan HC's decision in CIT vs. Goverdhan Prasad. The court found the assessee's activities qualified for deduction benefits, deciding in favor of the assessee against the department. en-us Fri, 21 Apr 2017 00:00:00 +0530 Wed, 18 Dec 2024 21:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456673 The Rajasthan HC upheld the Tribunal's decision granting Section 80IB deductions to an assessee engaged in mining blocks and processing them into tiles through cutting and polishing. The Revenue argued this constituted mere mining rather than manufacturing activity. The HC ruled that "production" has wider meaning than "manufacture," following Supreme Court precedent in Sesa Goa Ltd and Rajasthan HC's decision in CIT vs. Goverdhan Prasad. The court found the assessee's activities qualified for deduction benefits, deciding in favor of the assessee against the department. Case-Laws Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456673