HARNAM SYNTEX P. LTD,MUMBAI vs. ITO 8(2)-2, MUMBAI
In the result, appeal of the revenue is dismissed and both the appeals of the assessee are allowed
ITA 4459/MUM/2011[2006-07]Status: DisposedITAT Mumbai04 Jan 2016AY 2006-07
Bench: Shri Amit Shukla & Shri Ramit Kochar
For Respondent: Ms. Ritika Agarwal
Section 143(3)Section 145A
…from that, various decisions were also relied upon, the compilation of which have been filed in the separate paper book, along with the synopsis thereof. She drew our attention to the decision in the case of CIT vs Bipali Textiles Pvt Ltd, reported in [1991] 189 ITR 61, wherein, Hon’ble Bombay High Court after referring to CBDT Circular dated 22.11.1955 which had clarified that the activities of twisting and crimping of yarn is to be treated as manufacturing activity, held that such a question of law, whether activities of twisting and crimping of yarn can be treated as activity of manufacturing or not should no…