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1 - 10 of 31 (0.95 seconds)Section 80IC in The Income Tax Act, 1961 [Entire Act]
Section 80HH in The Income Tax Act, 1961 [Entire Act]
M/S Liberty India vs Commr.Of Income Tax,Karnal on 31 August, 2009
Therefore, the judgment in
the case of Liberty India v. Commissioner of Income Tax has no manner of
application.
Commissioner Of Income-Tax vs Andaman Timber Industries Ltd. on 4 January, 2000
“Mr. Bandhyopadhyay, learned Advocate appearing for the appellant,
submitted that the impugned judgment is contrary to a judgment of this
Court in the case of CIT v. Andaman Timber Industries Ltd. reported in
(2000) 242 ITR, 204 wherein this Court held that transport subsidy is not
an immediate source and does not have direct nexus with the activity of an
industrial undertaking. Therefore, the amount representing such subsidy
cannot be treated as profit derived from the industrial undertaking. Mr.
Bandhypadhyay submitted that it is not a profit derived from the
undertaking. The benefit under section 80IC could not therefore have been
granted.
M/S. Sahney Steel & Press Works Ltd. ... vs Commissioner Of Income Tax.Andhra ... on 19 September, 1997
25. The decision in Sahney Steel and Press Works Ltd. v. Commissioner of
Income Tax, A.P. - I, Hyderabad (1997) 7 SCC 764, dealt with subsidy
received from the State Government in the form of refund of sales tax paid
on raw materials, machinery, and finished goods; subsidy on power consumed
by the industry; and exemption from water rate. It was held that such
subsidies were treated as assistance given for the purpose of carrying on
the business of the assessee.
Commissioner Of Income Tax, Karnataka vs Sterling Foods, Mangalore on 15 April, 1999
In Commissioner Of Income Tax, Karnataka v. Sterling Foods,
Mangalore, (1999) 4 SCC 98, this Court had to decide whether income derived
by the assessee by sale of import entitlements on export being made, was
profit and gain derived from the respondent’s industrial undertaking under
Section 80HH of the Indian Income Tax Act.
Cambay Electric Supply Industrial Co. ... vs The Commissioner Of Income Tax, ... on 11 April, 1978
In the first decision, that is in
Cambay Electric Supply Industrial Company Limited v Commissioner of Income
Tax, Gujarat II, this Court held that since an expression of wider import
had been used, namely “attributable to” instead of “derived from”, the
legislature intended to cover receipts from sources other than the actual
conduct of the business of generation and distribution of electricity. In
short, a step removed from the business of the industrial undertaking would
also be subsumed within the meaning of the expression “attributable to”.
Since we are directly concerned with the expression “derived from”, this
judgment is relevant only insofar as it makes a distinction between the
expression “derived from”, as being something directly from, as opposed to
“attributable to”, which can be said to include something which is indirect
as well.
Commissioner Of Income Tax-Iv, New ... vs M/S Dharampal Premchand Ltd. on 13 September, 2010
27. A Delhi High Court judgment was also cited before us being CIT v.
Dharampal Premchand Ltd., 317 ITR 353 from which an SLP preferred in the
Supreme Court was dismissed. This judgment also concerned itself with
Section 80-IB of the Act, in which it was held that refund of excise duty
should not be excluded in arriving at the profit derived from business for
the purpose of claiming deduction under Section 80-IB of the Act.