Dismissing the appeal of the revenue the Court held that ,conversion of paddy into rice is a manufacturing activity and, thus, assessee engaged in said activity was entitled to deduction u/s 80IA/80IB of the Act .( AY. 1999-2000 to 2004-05)
CIT v. Muthuramalingam Modern Rice Mill (2019) 263 Taxman 294 / 307 CTR 816/ 176 DTR 177(Mad.) (HC)
S. 80IA : Industrial undertakings -Conversion of paddy into rice is a manufacturing activity-Entitle to deduction. [S. 80IB].