Supreme Court of India

M/s. Gem Granites v. Commissioner of Income Tax, Tamil Nadu

Neutral citation
Reported as [2004] SUPP. 6 S.C.R. 332
Bench Ruma Pal, Arijit Pasayat and C.K. Thakker JJ.
Decided 23 November 2004

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

3 Supreme Court benches have cited this judgment.

From the headnote

Income Tax Act, 1961 : Section 80-HHC. Income Tax-AY 1987-88-Deduction-ln respect of profits retained 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 exclusionary provision of S. 80- HHC (prior to 1991 amendment)-The 1991 amendment to S. 80-HHC demonstrates that the words "minerals and ores" must be construed 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

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