Cutting & Polishing of Marble Blocks into Slabs constitutes Manufacture for Section 10IB deduction By Anand Gupta TaxGuru

Cutting & Polishing of Marble Blocks into Slabs constitutes Manufacture for Section 10IB deduction CIT Vs Jannani Holdings (Madras High Court) The Madras High Court held that conversion of limestone and marble into lime and limedust constitute the activity of manufacturing or production, entitled for deduction. The assessee, M/s. Jannani Holdings is engaged in the granite business and for the Assessment Year under consideration, AY 2005-06, they filed their […]

from TaxGuru
via For More By Anand Gupta