Supreme Court · 2004 INSC 667 · Decided 23 November 2004
M/S. Gem Granites v. Commissioner of Income Tax, Tamil Nadu
- Court
- Supreme Court of India
- Citation
- 2004 INSC 667 · [2004] SUPP. 6 S.C.R. 332
- Case number
- CIVIL APPEAL No. 319/2004
- Decided
- 23 November 2004
- Bench
- RUMA PAL, ARIJIT PASAYAT, C.K. THAKKER (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80
Headnote
Income Tax Act, 1961 : Section 80-HHC. Income Tax-AY 1987-88-Deduction-ln respect of profits retained C for export business-Cut and polished granite-Export of-Entitlement to deduction under S. 80-HHC-Ht!ld : Cut and polished granite is covered by the word "minerals" occurring in the to S. 80-HHC demonstrates that the words "minerals and ores" must be construed D widely-Further, subsequent legislation can be looked into to fix the proper interpretation to be put on the statutory provision as it stood earlier-The 199 r amendment does not suggest that. it would
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