Production And Manufacture - Definition - Law Dictionary Home Dictionary Definition production-and-manufacture

Definition :

Production and manufacture, the word 'produc-tion' or 'produce' when used in juxta-position with the word 'manufacture' takes in bringing into existence new goods by a process which may or may not amount to manufacture. The word 'production' has a wider connotation than the word 'manufacture'. While every manufacture can be characterized as production every production need not amount to manufacture, CIT v. N.C. Budharaja, AIR 1993 SC 2529 (2533): 1994 Supp (1) SCC 280. [Income Tax Act, 1961, s. 80HH 2(ii)]