https://www.taxtmi.com/caselaws?id=61317 Dyeing of yarn was treated as a processing activity that resulted in production of articles or goods for section 80J relief, even though it did not amount to manufacture because no new product with a different chemical composition or integral structure emerged. The unit therefore qualified as an industrial undertaking engaged in production, and the prior allowance of investment allowance supported that characterisation. Separate unit-wise accounts were not a prerequisite for deduction where the new unit was not merely an extension of the existing business and its profits could reasonably be ascertained from audited records and reasonable charge allocation. On that basis, section 80J deduction remained available for the spinning unit as well. en-us Mon, 18 Feb 1985 00:00:00 +0530 Wed, 12 Jan 2011 11:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61317 Dyeing of yarn was treated as a processing activity that resulted in production of articles or goods for section 80J relief, even though it did not amount to manufacture because no new product with a different chemical composition or integral structure emerged. The unit therefore qualified as an industrial undertaking engaged in production, and the prior allowance of investment allowance supported that characterisation. Separate unit-wise accounts were not a prerequisite for deduction where the new unit was not merely an extension of the existing business and its profits could reasonably be ascertained from audited records and reasonable charge allocation. On that basis, section 80J deduction remained available for the spinning unit as well. Case-Laws Income Tax Mon, 18 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61317