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1 - 3 of 3 (0.38 seconds)Commissioner Of Income-Tax vs Madras Rubber Factory Ltd. on 22 February, 1995
4. Learned standing counsel submits before us that from the finding as recorded by the Appellate Tribunal, it is clear that the assessee is engaged only in masticating of rubber. The masticating process is held manufacturing process by the Tribunal. To accept the contention of the assessee, the Tribunal relied on the decision of the Madras High Court in Madras Rubber Factory Ltd.'s case [1984] 149 ITR 405. We have carefully gone through the said decision. In that case, the question whether masticating process amounted to manufacture was not canvassed. The Madras High Court in Madras Rubber Factory Ltd. [1984] 149 ITR 405 found as follows (page 408) :
Section 80J in The Income Tax Act, 1961 [Entire Act]
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