Supreme Court · 1991 INSC 220 · Decided 4 September 1991
Commissioner of Income Tax, Gujarat v. Cellulose Products of India LTD.
- Court
- Supreme Court of India
- Citation
- 1991 INSC 220 · [1991] 3 S.C.R. 888
- Case number
- CIVIL APPEAL No. 1314/1976
- Decided
- 4 September 1991
- Bench
- S. RANGANATHAN, N.D. OJHA, V. RAMASWAMI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 84, 261
Headnote
c D Income Tax Act 1961: Sections 84 and 261-New Industrial Undertaking-Exemption-Commencement of period-When arises. '1'he respondent is a Public Limited Company incorporated on April 14, 1989 for carrying on business of manufacturing chemical products particularly of Carboxy Methyl Cellulose granted an industrial licence by the Central Government for the manufacture of Carboxy Methyl Cellulose. The respondent had installed a cellulose plant in which cellulose pulp, the raw material for Carboxy Methyl Cellulose was manufactured. The plant had begun production from March 1961 while
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