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1996 (12) TMI 4 - SC - Income Tax
Business of manufacturing Ashok Leyland trucks and also spare parts of those vehicles. It was also importing the spare parts from abroad and selling the same to the persons who have purchased the trucks from it - held that the assessee would be entitled to relief under sections 80E and 80-I of the Income-tax Act, 1961, for the assessment years 1966-67 and 1967-68, respectively, on the income earned by it, from import and sale of spare parts from abroad