In D. B. Income Tax Appeal v. M/S Karnawat International (P) Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, the appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
D. B. Income Tax Appeal No.177/2013 CIT, Udaipur Vs. M/s Karnawat International (P) Ltd.
Date of Order : 23/05/2016
HON'BLE MR. JUSTICE SANGEET LODHAHON'BLE MR. JUSTICE KAILASH CHANDRA SHARMA
Mr. K.K.Bissa, for the appellant.
Following substantial question of law arises forconsideration of this Court in the present appeal;
Whether the process of cutting, sizing and polishingof marble is a manufacturing activity ?
Learned counsel submits that the issue involved alreadystands decided against the revenue by the Hon'ble SupremeCourt in the matter of ITO Vs. Arihant Tiles and Marbles Pvt. Ltd.reported in (2010) 320 ITR 79.
In this view of the matter, the appeal is dismissed.
(KAILASH CHANDRA SHARMA), J. (SANGEET LODHA), J.
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