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TMI Blog2013 (12) TMI 837X X X X Extracts X X X X X X X X Extracts X X X X ..... rn P. Ltd. (2010 (1) TMI 18 - SUPREME COURT OF INDIA), the question formulated/raised in the present Tax Appeals is answered in favour of the assessee and consequently the impugned common order is hereby quashed and set aside and it is held that the assessee shall be entitled to the deduction under Section 80HH and 80I of the Income Tax Act by holding that the process of twisting and texturising o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rred to as ITAT ) dated 08/09/2006 in ITA Nos. 2898 2899/Ahd/1999 for the Assessment Years 1995-96 1996-97, the assessee has preferred the present Tax Appeals. 3. In both these appeals, the short question, which is posed for consideration is, whether in the facts and circumstances of the case, the ITAT was right in law in holding that the process of texturising of yarn is not manufacturing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ome Tax Act. It is reported that the aforesaid decision has been subsequently followed by Hon ble the Supreme Court in the case of Commissioner of Income Tax Vs. Yashasvi Yarn Ltd. reported in [2013] 350 ITR 208. 6. Ms. Sheth, learned Counsel appearing on behalf of the revenue is not in a position to point out any contrary decision to the aforesaid decisions of the Hon ble Supreme Court. 7. Ha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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