Dismissing the appeal of the revenue the Tribunal held that ;assembling will amount to manufacture.Allegation of the Dept that manufacture is not possible as the assessee has less number of employees, no sophisticated machinery and less electricity consumption cannot be the ground to reject the claim of the assessee. ( ITA NO.2160/Mum/2016, dt. 19.09.2018) (AY. 2011-12)
ITO v. Surendra R. Kharbanda (Mum)(Trib),www.itatonline.org
S. 80IC: Special category States – Manufacture of watches -Assembling will amount to manufacture – Allegation of the Dept that manufacture is not possible as the assessee has less number of employees, no sophisticated machinery and less electricity consumption cannot be the ground to reject the claim of the assessee.