2011 (2) TMI 109

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....n Judgment   F.M.IBRAHIM KALIFULLA, J.   The Revenue has come forward with these appeals and seeks to raise the following question of law as substantial question of law:   "Whether on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the assessee is entitled to deduction u/s 80IB of the Act, treating the production of corrugate....

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....ox, the box is again kept in a flat position for easy transportation. That flat positioned paper corrugated boxes are the final products of the respondent/assessee.   3. According to the appellant, since the corrugated sheet in the process of being folded into a box, it has not lost its original characteristics of corrugated sheet, no manufacturing activity had taken place and therefore, t....

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....plain corrugated sheets are put into the designing machine in order to chisel them into different shapes and pin them at the folded points to convert the plain sheets into corrugated boxes.   6. We are also convinced that such an activity of transforming the plain corrugated sheets into a different product of boxes, though to gain space for transportation, such boxes are kept in a folded p....