Supreme Court · 2004 INSC 161 · Decided 11 March 2004
Ipca Laboratory LTD. v. Deputy Commissioner of Income Tax, Mumbai
- Court
- Supreme Court of India
- Citation
- 2004 INSC 161 · [2004] 2 S.C.R. 1075
- Case number
- CIVIL APPEAL No. 1697/2003
- Decided
- 11 March 2004
- Bench
- S.N. VARIAVA, H.K. SEMA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- IPC; Income Tax Act Section 80HH
Headnote
B Income Tax Act, 1961: Section 80HHC-Jncome tax-AY 1996-97-Profits retained for export c business-Deduction in respect of~Entitlement-Self manufactured goods as well as trading goods-Export of-Total income-Computation of-Assessee, an Export House, exported goods which were self-manufactured as goods~Assessee derived profit from export of self-manufactured goods and incurred loss from export of trading goods-Assessee had issued certificates of disclaimer in D favour of supporting manufacturers-Assessee claimed deduction of the said profit-Assessing Officer disallowed the deduction-I~'
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