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4. We have considered the rival contentions and gone through the orders of the authorities below. The issue as to whether assessee firm engaged in the business of manufacture and export of granite and marble monuments was eligible for claim of deduction u/s 10B, has been considered by the Tribunal and after applying the decision of Hon'ble Supreme Court in the case of India Cine Agencies - 308 ITR 98, the Tribunal in its order dated 30.9.2009 for the AY 2006- 07, held as under:-

"3.4 We have considered the rival contentions in the light of material placed before us and also gone through the orders of the authorities below. From the record we found that assessee was engaged in business of manufacturing and export of granite marbles and granite monuments. For this purpose, the assessee used to procure rough blocks from queries, then these are the dressed, cut into slabs. Which are then resined and polished to give slabs etc. 3.5 Monuments were also manufactured out of granite and marbles which are distinctly different from marbles and granite so cut and polished were used for construction. Manufacturing by the assessee involved the following process:-