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1 - 10 of 14 (0.24 seconds)Section 234A in The Income Tax Act, 1961 [Entire Act]
Section 234B in The Income Tax Act, 1961 [Entire Act]
Section 234C in The Income Tax Act, 1961 [Entire Act]
Section 10C in The Income Tax Act, 1961 [Entire Act]
Section 80IB in The Income Tax Act, 1961 [Entire Act]
Section 80HH in The Income Tax Act, 1961 [Entire Act]
Mangalore Chemicals & Fertilisers ... vs Deputy Commissioner Of Commercial ... on 2 August, 1991
The assessee, we therefore hold, is entitled to claim deduction under section
80IC on the income generated from the sale of scrap as per the decision of the
Hon'ble Supreme Court rendered in the case of Liberty India (Ltd.) (supra). In
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view of the above we uphold the order of the Ld. CIT(A) and allow the assessees
claim of deduction under section 80IC on the income generated from the sale
of scrap.
The Income Tax Act, 1961
Cce, Meerut I vs M/S Dixon Utilities & Export (P) Ltd on 18 November, 2015
"Shri Narasimhamurty again relied on certain observations in CCE v. Parle Exports
(P)Ltd. [1989] 1 SCC 345, in support of strict construction of a provision concerning
exemptions. There is support of judicial opinion to the view that exemptions from
taxation have a tendency to increase the burden on the other un-exempted
class of tax payers and should be construed against the subject in case of
ambiguity. It is an equally well known principle that a person who claims an
exemption has to establish his case. Indeed, in the very case of Parle Exports (P)
Ltd. relied upon by Shri Narasimhamurthy, it was observed.