https://www.taxtmi.com/caselaws?id=57210 The Tribunal allowed the appeal, setting aside the lower authorities' orders and held that the assessee is entitled to the deduction under Section 80-IB. The Tribunal determined that the bread manufacturing activity met the criteria of manufacturing under the IT Act, distinguishing it from trading activities and emphasizing the mechanized process involved in converting raw materials into bread. The decision highlighted the importance of fulfilling statutory conditions and interpreting relevant legal definitions to determine eligibility for tax deductions. en-us Mon, 25 Apr 2005 00:00:00 +0530 Wed, 08 Dec 2010 19:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57210 The Tribunal allowed the appeal, setting aside the lower authorities' orders and held that the assessee is entitled to the deduction under Section 80-IB. The Tribunal determined that the bread manufacturing activity met the criteria of manufacturing under the IT Act, distinguishing it from trading activities and emphasizing the mechanized process involved in converting raw materials into bread. The decision highlighted the importance of fulfilling statutory conditions and interpreting relevant legal definitions to determine eligibility for tax deductions. Case-Laws Income Tax Mon, 25 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57210