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Showing contexts for: parle exports in Eicher Tractors Ltd. vs Dy. Cit on 4 October, 2002Matching Fragments
(i) Collector of Central Excise Bombay v. Parle Exports (P) Ltd. AIR 1989 SC 644.
(ii) Union of India & Ors. v. Wood Papers Ltd. & Anr. (1990) 4 SCC 256; and
(iii) Novopan India Ltd. v. Collector of Central Excise & Customs 1994 (73) ELT 769 (SC).
12. We have examined the rival submissions taking into account the numerous decisions relied upon by both the parties before us. As already stated, we while tracing out the background of the relevant provisions have referred to the intention behind the introduction of section 37(4) with effect from 1-4-1970, and this being the serious attempt on the part of the Government to curb lavish expenditure on maintenance of guest-houses. There was a specific and avowed intention to disallow expenditure incurred after 28-2-1970, on the maintenance of a guest-house and Explanation (i) and (ii) to section 37(4) and section 37(5) were worded in the widest possible terms to include within their sweep every type of expenditure incurred on the maintenance of a guest-house. Section 37(4)(ii) prohibited allowance of depreciation on a building used as a guest-house as also depreciation on assets in a guest-house and Explanation (ii) to section 37(4) stated that expenditure incurred on maintenance of a guest-house would include rent paid in respect of such accommodation.