2013 (5) TMI 1007

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....te ORDER Per Sunil Kumar Yadav This appeal is preferred by the Revenue against the order of the ld. CIT(A) on a solitary ground that the ld. CIT(A) has erred in law and on facts in directing the Assessing Officer to restrict the deduction under section 80IB of the Income-tax Act, 1961 (hereinafter called in short "the Act") from Rs. 86,50,402 to Rs. 4,17,987, without appreciating the fact....

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....urt in the case of India Cine Agencies vs. CIT [2009] 308 ITR 98, held that this issue is squarely covered by the judgment of the Hon'ble Apex Court in the case of India Cine Agencies vs. CIT (supra) in which their Lordships of the Hon'ble Apex Court categorically held that conversion of jumbo rolls of photographic films into small flats and rolls in desired size amounts to manufacturing o....