Supreme Court · 1987 INSC 178 · Decided 21 July 1987
C.I.T. Gujarat v. Elecon Engineering CO. LTD.
- Court
- Supreme Court of India
- Citation
- 1987 INSC 178 · [1987] 3 S.C.R. 588
- Case number
- CIVIL APPEAL No. 1/1975
- Decided
- 21 July 1987
- Bench
- R.S. PATHAK, RANGANATH MISRA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
GUJARAT v. ELECON ENGINEERING CO. LTD. JULY 21, 1987 B [R.S. PATHAK, CJ AND RANGANATH MISRA, J.) Income Tax Act, l96J/Income Tax Rules, 1962-Section 84 (Section 801)/Rule 19-New Industrial Undertaking-Admissibility of' exemption-Manner of computation. C The assessee, a public limited company, in after determining the rebate admissible under ss. 84 and 101 at Rs.2, 72,372. He re-opened the assessment under s. 147(b) and re-computed the rebate at Rs.2,51,222. The appeal by the D assessee to the Appellate Assistant Commissioner was dismissed. The Appellate Tribunal accepted the plea of
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