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TMI BlogWhat is the Scope of the term “Manufacture” for the purpose of Income Tax - Sec. 35BX X X X Extracts X X X X X X X X Extracts X X X X ..... What is the Scope of the term “Manufacture” for the purpose of Income Tax - Sec. 35B - Commentaries / Editorials Dated:- 10-9-2007 - News - What is the meaning of manufacture for the purpose of In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... come Tax (section 35B)? Does it include processing activity? Whether the activity of blending of tea of diverse grade or brands by mixing different kinds of tea amounts to manufacture for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... purpose of weighted deduction u/s 35B(1A)? Whether the provisions of Section 2(f) of Central Excise Act, 1944 (definition of manufacture) be applied in Income Tax also? All these questions hav ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e been discussed at length by the honorable Supreme Court in a recent matter ( reported in 2007 -TMI - 1591 - SUPREME COURT OF INDIA ) After considering various issues, honorable Supreme Court has h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eld that On clear construction and interpretation of Section 35B(1A) of the Act, we are clearly of the opinion that the respondent's activity amounts to "processing" only and the activity does not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amount to either "production" or "manufacture". The term "processing" has not been included in Section 35B(1A) of the Act, therefore, the respondent is not entitled for weighted deduction under Secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 35B(1A) of the Act. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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