2017 (1) TMI 1298

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..... Tax vs. Meghalaya Steels Limited (2016 (3) TMI 375 - SUPREME COURT) does not in any way erode the efficacy of law laid down in Liberty India (supra) as Meghalaya Steels Limited (supra) was primarily a case where the Court was dealing with transport subsidy, which is a reimbursement of the cost incurred by the manufacturing unit in the North-Eastern part of the Country. Held that:- While Libert .....

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..... iyar,Adv. ORDER We have heard the learned counsels for the parties. The issue, namely, the entitlement of export incentives to deduction under Section 80-IB of the Income Tax Act, 1961 has been squarely decided by this Court in Liberty India vs. C.I.T. (2009) 9 SCC 328 Commissioner of Income Tax vs. Meghalaya Steels Limited (2016) 6 SCC 747 does not in any way erode the efficacy of l .....

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