Supreme Court · 2007 INSC 466 · Decided 25 April 2007
Commissioner of Income Tax, Coimbatore v. M/S. Lakshmi Machine Works
- Court
- Supreme Court of India
- Citation
- 2007 INSC 466 · [2007] 5 S.C.R. 622
- Case number
- CIVIL APPEAL No. 4409/2005
- Decided
- 25 April 2007
- Bench
- S.H. KAPADIA, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 143(1)(a)
Headnote
Income Tax Act, 1961: " " c Section 80HHC-AY 1993-94-Profits retained for export business- Deduction in respect of-Schematic interpretation- "Turnover "-Elements in-Assessee filed its return of its income for AY 1993-94-A notice under S. I 43(2) was issued in which one of the why the total turnover should not be recomputed by including sales tax and excise duty-The D Assessing Officer held that under S. 80HHC(ba) deduction from "total turnover" was restricted only to three items, namely, profit on sale of import licence, duty drawback and CCS-However, the
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