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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Entitlement to deduction u/s 80IC - process of cutting of ...


High Court: Cutting, painting, welding stainless steel pipes is "manufacture" u/s 80IC, eligible for tax deductions.

April 2, 2015

Case Laws     Income Tax     HC

Entitlement to deduction u/s 80IC - process of cutting of stainless steel pipes of larger size with electric cutter and including painting and welding of pipes - whether manufacturing of "Route Markers" falls within the definition of "manufacture" - held Yes - HC

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