Jaydeep Petro Chem Company (P) Ltd. v. ITO (2025) 237 TTJ 316 / 176 taxmann.com 871 (Chennai) (Trib.)

S. 80IB: Industrial undertakings-Manufacture or production-Production of paints, varnish and thinners-Casual workers-The undertaking engaging ten or more workers-Entitled to exemption.

Held that the activity of mixing certain raw materials to produce paints, varnish and thinners is carrying on manufacturing activity, and the Contractual workers engaged by the assessee fulfilled the condition of engaging ten or more workers. Entitled to deduction under section 80IB.  (AY.2006-07 & 2007-08)

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