Supreme Court · 2010 INSC 722 · Decided 22 October 2010
Bhai Jaspal Singh and ANR. v. Assistant Commissioner of Commercial Taxes and ORS.
- Court
- Supreme Court of India
- Citation
- 2010 INSC 722 · [2010] 14 S.C.R. 41
- Case number
- CIVIL APPEAL No. 4277/2002
- Decided
- 22 October 2010
- Bench
- D.K. JAIN, H.L. DATTU (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Sa/es Tax: A B c West Bengal Sa/es Tax Act, 1954 - s.4AA - Exemption Notification no. 1428-F. T. dated 26-5-1994 - Notification providing for exemption from tax on sale of fruit juices and concentrates manufactured in small scale industrial units where "investment" in plant units did D not exceed Rs.5 lakhs - Whether expression "investment" to be understood as investment made by a small scale industrial unit after depreciation on plant and machinery - Held: "Investment" must be understood according to its common business and commercial usage -
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