Supreme Court · 1999 INSC 119 · Decided 18 March 1999
Stonecraft Enterprises v. Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 1999 INSC 119 · [1999] 2 S.C.R. 17
- Case number
- CIVIL APPEAL No. 144/1994
- Decided
- 18 March 1999
- Bench
- S.P. BHARUCHA, R.C. LAHOTI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80HH
Headnote
Income Tax Act, 1961 : ---- Section 80HHC (2)(b)-Export of 'granite '-Deduction on the profits earned from export of goods-Exclusion of goods which were "mineral oil", c ''minerals'' and ''ores' '-Central Board of Direct Taxes issuing circular stating -. that value added granite eligible of- Held, ''Granite'' is a ''mineral under the provision of Section BOHHC (2)(b)- Thus, assessee not entitled.to claim benefit of deduction thereunder. D interpretation of statutes : Doctrine-Nmscitur sociis-Applicability of Words and Phrases: E ''Mineral (it'', ''Minerals'',
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)