M s. Arihant Tiles Marbles P Ltd. The assessee, during the relevant Assessment Year 2001 2002, was engaged in the business of manufacture production of polished slabs and tiles which the assessee exported partly .
The prime companydition for allowing deduction under Section 80IA, as it stood at the material time, was that industrial undertakings should manufacture or produce any article or thing, number being any article or thing specified in the list in Eleventh Schedule of the Income Tax Act, 1961.
Hence, these Civil Appeals have been filed by the Department.
H. KAPADIA, J. Leave granted.
In this batch of Civil Appeals, a companymon question of law which arises for determination is whether companyversion of marble blocks by sawing into slabs and tiles and polishing amounts to manufacture or production of article or thing so as to make the respondent s assessee s entitled to the benefit of Section 80IA of the Income Tax Act, 1961, as it stood at the material time.
The lead matter is Civil Appeal arising out of L.P. C No.9812/2008 in the case of Income Tax Officer, Udaipur Vs.
