Sterilizing and packaging of gloves isn’t manufacturing for deduction under section 80-IB: HC

INCOME TAX : Where assessee company was purchasing non-sterilised gloves from outside market and subjected such gloves to a process of sterilisation and packing, since process of sterilisation and packing carried out by assessee did not create or bring any new product in existence, such process would not come within purview of 'manufacturing'; thus, no deduction under section 80-IB was to be granted to assessee

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317054/sterilizing-and-packaging-of-gloves-isn’t-manufacturing-for-deduction-under-section-80-ib-hc.aspx