2011 (11) TMI 748 - HC - Income Tax

Summary

The Bombay High Court ruled that the production of perfumed hair oil using coconut and mineral oil qualifies as a manufacturing activity for claiming deduction under Section 80IB of the Income Tax Act, 1961. The court upheld the ITAT decision, stating that the activity constitutes manufacturing, as confirmed by the payment of Central Excise duty on the final product. The appeal was dismissed.