The Special Bench had to consider whether the assessees engaged in the business of blending & processing of tea and export thereof can be said to “manufacturer/producer” of the tea for the purpose of s. 10A/10B of the Act. HELD by the Special Bench, after a comprehensive review of the entire law on the subject, and deciding in favour of the assessee:
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Taxation of Intangible assets acquired through business restructuring.
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