Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

M/s MAHAVIRA CYCLE INDUSTRIES, PUNJAB Versus C.I.T, LUDHIANA & ANR.

2016 (2) TMI 805 - SUPREME COURT

Interpretation of term “Total turnover” – Purpose of enactment of section 80HHC of the Act – Scrap sale - Whether the sale proceeds from the scrap should have been included in the ‘total turnover’ as the assessee was also selling scrap and that was a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nd enactment of Section 80HHC of the Act was to encourage export so as to earn more foreign exchange - If the purpose is to bring more foreign exchange and to encourage export, the legislature would surely like to give more benefit to persons who are .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

rts to encourage such traders or manufacturers by giving such business units more benefits as contemplated under the provisions of law – HC was coming to the conclusion that the proceeds generated from the sale of scrap would not be included in the ‘ .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version