[aaykarbhavan] Processing of transformer oil doesn’t bring any new article into existence; no sec. 80-IA deductions

Processing of transformer oil doesn't bring any new article into existence; no sec. 80-IA deductions

June 2, 2014[2014] 45 taxmann.com 171 (Allahabad)

IT : Where transformer oil had been purchased by assessee from market and centrifuging i.e., processing had been done by centrifugal machine in order to make it usable in transformer and no articles or things had emerged from said processing, assessee was not entitled to benefits of 100 per cent deduction under section 80-IA

 

Regards

Prarthana Jalan

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

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