[aaykarbhavan] Packing and storage of products won’t be deemed as manufacturing activity for purposes of sec. 10B benefit

Packing and storage of products won't be deemed as manufacturing activity for purposes of sec. 10B benefit

July 31, 2014[2014] 46 taxmann.com 415 (Gujarat)/[2014] 361 ITR 437 (Gujarat)

IT : Where assessee, engaged in business of manufacturing and exporting of food items, claimed benefit of section 10B, in view of fact that snacks were manufactured by suppliers and assessee merely took a follow-up action for packing and storing products, it would not partake character of 'manufacturing' activity and, thus, assessee's claim was to be rejected

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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