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1 - 10 of 17 (1.45 seconds)Section 80 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
State Of Jharkhand & Ors vs Ambay Cements & Anr on 17 November, 2004
12. The Hon'ble Supreme Court in a judgment
reported in (2005)139 STC 74 (STATE OF
JHARKHAND AND OTHERS v/s AMBAY CEMENTS
36
AND ANOTHER) held that the exemption clause should
be strictly construed and if the conditions under which
the exemption granted is violated or changed on
account of any subsequent event, the exemption would
not operate. Para 24 of the judgment reads as under:
Dy. Cit vs Abg Heavy Industries Ltd. on 8 September, 2006
In (2010) 322 ITR 323 (THE COMMISSIONER OF
INCOME TAX v/s ABG HEAVY INDUSTRIES LIMITED),
the supply and installation of Crane in a Port was
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included within the purview of expression
"infrastructure facility".
Bajaj Tempo Ltd. Bombay vs Commissioner Of Income Tax,Bombay ... on 24 April, 1992
19. It was further contended on behalf of the assessee
that a provision in taxing statute granting incentives for
promoting growth and development should be construed
liberally, relying upon the judgment reported in (1992)
196 ITR 188 (SC) (BAJAJ TEMPO LIMITED v/s
COMMISSIONER OF INCOME-TAX). The relevant
paragraph read thus: