Supreme Court · 1996 INSC 1522 · Decided 19 December 1996
MIS. Ashok Leyland LTD. Madras v. Commissioner of Income Tax, Madras
- Court
- Supreme Court of India
- Citation
- 1996 INSC 1522 · [1996] SUPP. 10 S.C.R. 467
- Case number
- CIVIL APPEAL No. 1295/1980
- Decided
- 19 December 1996
- Bench
- B.P. JEEVAN REDDY, K.S. PARIPOORNAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80, 256(1)
Headnote
Income Tax Act, 1961 Sections 80-B, 80-E, BO-I-Manufacturing of Tmcks 'pri01ity' industry under section 80-B(7}--Profits on sale of imp01ted spare parts-!'Attributable to p1iority industry" and is a part of the main activity, C viz., manufacture and sale of tmcks-Assessee entitled to relief trucks and also spare parts in collaboration with a foreign company. It also imported spare parts from abroad. The assessee claimed relief under section 80-E (for the assessment D year 1966-67) and under section 80-I for the assessment year 1967-68 on the income earned by it from the sale of
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)