company is a 100% export oriented
undertaking located in MEPZ-SEZ and doing the business
of manufacture and export of marbles & Granites The
assessee ... assessee company is 100% EOU doing business
of manufacture and export of marbles and granites. The ld. Assessing
Officer has also interpreted the explanation that
said to be engaged in the business
of manufacture and export of finished marble slabs and tiles, in its
return for the assessment year ... activity of processing of rough marble slabs by edge-cutting
them and polishing them before exporting and it is an EOU not
D.B. INCOME
2010
M/s Grace Exports Vs. ITO Ward-2 (1), Udaipur
2
of manufacture and export of finished marble slabs and tiles, in its
return ... activity of processing of rough marble slabs by edge-cutting
them and polishing them before exporting and it is an EOU not
trading in domestic
said to be engaged in the business
of manufacture and export of finished marble slabs and tiles, in its
return for the assessment year ... activity of
processing of rough marble slabs by edge-cutting them and
polishing them before exporting and it is an EOU not trading in
domestic
Industries (Development & Regulation) Act, 1951 has
approved the assessee as 100% export oriented unit.
In case such approval was not granted, the Assessing
Officer ... assessee company is 100% EOU doing business
of manufacture and export of marbles and granites. The ld. Assessing
Officer has also interpreted the explanation that
assessee is stated to be engaged in the
business of marble stone export. The ld. CIT, however, found that the order ... assessee has claimed that the unit owned by him is 100% export oriented
unit processing natural stone slabs into counter laps, kitchen top, vanities mosaic
whether assessee firm engaged in the
business of manufacture and export of granite and marble monuments was eligible
for claim of deduction ... 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
business of rig operation, transportation of LPG gas, marbles etc. The assessee had an export oriented unit run under the name and style ... Export Oriented Unit under the name and style of GTP granites. It is also admitted by the Revenue that apart from 100% export oriented unit
engaged in the
activity of sawing of marble blocks into slabs and tiles and
exporting the same, claimed exemption of profit under
Section ... just engaged in the process of
cutting, sizing and polishing the marble and no new article or
thing came into existence. The ITAT considered
company and is in the business of manufacturing of
marbles and granites and export of the same. It claimed deduction
