The assessee claimed deduction under section\u00a080-IA\u00a0of the\u00a0Income-tax Act, 1961\u00a0on its production of gitti from sand stone blocks. The Assessing Officer rejected the claim on the ground that such activity could not be categorized as \u201cmanufacturing\u201d or \u201cproduction\u201d. The Commissioner (Appeals) allowed the assessee\u2019s appeal. On appeal by the Department, the Tribunal reversed his order. On the appeal the Court held that\u00a0\u00a0 the expression production used under section\u00a080-IB, in which expressions manufacture and production both were used were synonyms with each other or the word production had a wider meaning than manufacture so as to include within the preview, an activity, which might not amount to manufacture but might still amount to production. Appeal of the assessee is allowed. Order of Tribunal is set aside.\u00a0 (AY. 2003-04)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 80IA : Industrial undertakings-Enterprises engaged in infrastructure development-Manufacture or production of GITTI from sand stone blocks-Amounts to manufacture or production.[S.80IB, 260A] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-48554","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cD8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=48554"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48554\/revisions"}],"predecessor-version":[{"id":48555,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48554\/revisions\/48555"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}