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1 - 10 of 40 (0.36 seconds)Section 80IC in The Income Tax Act, 1961 [Entire Act]
The Customs Act, 1962
Section 75 in The Customs Act, 1962 [Entire Act]
Section 80IA in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Section 37 in The Central Excise Act, 1944 [Entire Act]
M/S Liberty India vs Commr.Of Income Tax,Karnal on 31 August, 2009
It cannot be disputed, according to
the learned ASG, that the various kinds of subsidies may flow from
Governmental schemes and, therefore, the subject-matter, which was
Page No. 23
dealt with by the Supreme Court, in Liberty India's case (supra), cannot
be distinguished from the cases at hand and that the Liberty India's
case (supra) is squarely applicable to the cases at hand inasmuch as the
subsidies, in the present cases, cannot but be regarded as non-operational
profits, having no direct nexus with the activities of the undertakings of
the assessee-respondents. Any argument to the contrary, further
submits Mr. Pathak, would be perverse and in breach of Article 141 of
the Constitution of India.
Section 80 in The Income Tax Act, 1961 [Entire Act]
M/S. Sahney Steel & Press Works Ltd. ... vs Commissioner Of Income Tax.Andhra ... on 19 September, 1997
134. Dealing with Sahney Steel & Press Works Ltd. (supra), the
Supreme Court, in Mepco Industries (supra), observed as under: