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.
CA.Saibaburao Nanduri
Published in Income Tax
Views : 48
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
