Section 80 IA ::

Last updated: 02 October 2007

Court :
HC

Brief :
Held by the Hon`ble Court that, in the absence of any definition of the word manufacture one should appreciate the meaning as commonly understood by a reasonable person, form this point of view conversion of blank disc to a software loaded disc is clearly amounts to manufacture and deduction of section 80-AI is allowable.

Citation :
C.I.T Vs. Oracle Software India Ltd.

Section 80 IA C.I.T Vs. Oracle Software India Ltd. 05/09/2007 [2007] 293 ITR 535 (Delhi) Case Fact: Whether, conversion of a blank disc to a software loaded disc is amount to manufacture, and deduction of Section 80AI is allowable? Decision: Held by the Hon`ble Court that, in the absence of any definition of the word manufacture one should appreciate the meaning as commonly understood by a reasonable person, form this point of view conversion of blank disc to a software loaded disc is clearly amounts to manufacture and deduction of section 80-AI is allowable.