Supreme Court · 1997 INSC 611 · Decided 20 August 1997
Gujarat Industrial Development Corporation v. The Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 1997 INSC 611 · [1997] SUPP. 3 S.C.R. 466
- Case number
- CIVIL APPEAL No. 2950/1985
- Decided
- 20 August 1997
- Bench
- B.N. KIRPAL, K.T. THOMAS (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 289(1); Income Tax Act Section 10(20A)
Headnote
Income Tax Act, 1961-Section 10(20A)-Gujarat Industrial Develop­ ment Act, 1962-Section 2(9)(n) & 13-lncome of Appellant from industrial development-Whether falls within ''planning, development or improvement C of cities, towards villages or both''-Held, yes. The Appellant Corporation was purpose of securing the orderly establishment of industries in the State of Gujarat. The Appellant claimed exemption from payment of Income Tax under Sec. 10(20A) of the Act of D 1961. E The claim of the Appellant was disallowed by the Income Tax Officer but allowed by the Appellate Commissioner.
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