Supreme Court · 1996 INSC 286 · Decided 20 February 1996
M/S Prakash Trading CO. v. Commissioner of Income Tax, Gujarat
- Court
- Supreme Court of India
- Citation
- 1996 INSC 286 · [1996] 2 S.C.R. 849
- Case number
- CIVIL APPEAL No. 452/1978
- Decided
- 20 February 1996
- Bench
- B.P. JEEVAN REDDY, K.S. PARIPOORNAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
TRADING CO. A v. COMMISSIONER OF INCOME TAX, GUJARAT FEBRUARY 20, 1996 [B.P. JEEVAN REDDY AND K.S. PARIPOORNAN, JJ.) B Income tax Act, 1961 : Finance Act, 1966: s.2(5)(a)(ii) and (iii); 2(5)(c) : c Finance Act, 1967: ss.2(4)(a)(ii) and (iii); 2(4)(c): lndust1ies (Development and Regu.lation) and cl.(c) of s.2(4) of 1967 Act-Sub-clauses (ii) and (iii) of clause D (a) and clause (c) as also 1st Schedule to /.D.R. Act, refer to articles only. In order to encourage export of industrial goods, the Finance Acts of 1966 and 1967 provided that a person engaged in manufacturing of any
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