2011 (3) TMI 1687

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Revenue is against the order of CIT(A), Shimla relating to assessment year 2007-08 against the order passed under section of the I.T. Act. 2. The Revenue has raised the following grounds of appeal:- 1. On the facts and circumstances, the Ld. CIT(A) has erred in holding that the process of threading and paining of anchor rods carried out by the assessee amounted to manufacture, and con....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....th its units established at Parwanoo, H.P. The assessee had started production w.e.f. 29.6.2004 i.e. assessment year 2005-06 and this was the third year of production. Survey operation was conducted at the business premises of the assessee on 29.12.2005. While completing the assessment for assessment year 2006-07, deduction U/s 80 IC of the Act was not allowed to the assessee. The Assessing Office....