Supreme Court of India
Commissioner of Income Tax, Coimbatore v. M/s. Lakshmi Machine Works
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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
For the above reasons, we see no merit in these appeals filed by the Department and, accordingly, they are dismissed with no order as to costs.
Judgment, page 28
From the headnote
Income Tax Act, 1961: " " c Section 80HHC-AY 1993-94-Profits retained for export business- Deduction in respect of-Schematic interpretation- "Turnover "-Elements in-Assessee filed its return of its income for AY 1993-94- notice under S. I 43(2) was issued in which one of the items was the quantum of deduction under S. 80HHC-The assessee was asked to explain why the total turnover should not be recomputed by including sales tax and excise duty-The Assessing Officer held that under S. 80HHC(ba) deduction from "total turnover" was restricted only to three items, namely, profit on sale of import
Where later benches applied it
Of those, 1 referred to
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