Section 2 (29B)


"long-term capital gain" means capital gain arising from the transfer of a long-term capital asset ;

(29BA) "manufacture", with its grammatical variations, means a change in a non-living physical object or article or thing,—

(a)  resulting in transformation of the object or article or thing into a new and distinct object or article or thing having a different name, character and use; or

(b)  bringing into existence of a new and distinct object or article or thing with a different chemical composition or integral structure;