The Supreme Court, in Commissioner of Income Tax – 1, Mumbai vs Hindustan Petroleum Corporation Ltd, has upheld the Income Tax Appellate Tribunal’s finding that the activity of filling of cylinder with compressed LPG gas amounts to ‘production’ for the purposes of Sections 80HH, 80-I and 80-IA of the Income Tax Act.Assessees, who are engaged in the process of bottling Liquefied...
