2009 (4) TMI 983

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....E. VEERABHADRAPPA, V.P: This appeal, preferred by the Revenue, is directed against the order of the learned CIT(A) dated 28-3-2008 relating to the assessment year 2005-06. 2. The only dispute raised in this appeal relates to admissibility of deduction u/s 10B of the I.T. Act in respect of the activity undertaken by the assessee. 3. The assessee claimed to be engaged in hundred percent export or....

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....issions. It is noticed that the assessee is primarily purchasing raw-stone blocks, which are of sandstone, marble, granite etc. The assessee then cuts the same into the desired thickness after calibration. The sliced stone blocks are then put through various processes to give it the required polished surface, design, water absorption resistance. The end results are tiles of various dimensions and ....

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.... decisions of the Tribunal are in the cases of World Wide Stones reported in 115 TTJ 613 (JP), Wolkem India Ltd. Vs. Asstt. CIT reported in 107 TTJ 439 (Jd), Akash Stone Industries Ltd. reported in 106 TTJ 128 (Mum.), Panachayil Industries reported in 7 SOT 96 (coch.), Suraj Marbles (P) Ltd. reported in TTJ 192 (Jp). In all the said decisions the Tribunal has held that the term production is wider....