Commissioner of Income Tax, Coimbatore Vs. Lakshmi Machine Works

Decided On : Apr-25-2007

Court : Supreme Court of India

LAW: Section 143(1)(a, the Income Tax Act, Section 143(2, Section 80HHC of the Act, Section 80HHC, Section 80HHC(ba, Section 80HHC, Section 80HHC, Section 80HHC:Deduction, Section 50, the Customs Act, Section 28, the Customs Act, the Customs Act, the Customs Act, Section 28, Section 28, Section 80HHC of the Act, Section 80HHC, the Finance Act, Section 28(iiia, Section 80HHC of the Act, Section 80HHC, Section 80HHC, Section 80HHC, Section 80HHC, Section 80HHC, Section 80HHC, Section 80HHC15, Section 80HHC17, Section 80HHC, Item 14, Section 80HHC, Section 80HHC, Section 28 to Section 43, Section 80HHC, The Finance Act, Section 80HHC, Section 28(iiia, Section 28(iiia)];b, Section 28(iiic)].13, Section 28(iiia, Section 80HHC, Section 80I.Compute, Section 28, Section 80HHC, Section 80HHC1, Section 80HHC, Section 80HHC(3, Section 80HHC(3, Section 28(iiia)];b, Section 28, section 28(iiic)]14, Section 80HHC, Section 80HHC, Section 80HHC, Section 80HHC, Section 80HHC, Section 80HHC, Section 80HHC of the Act, Section 80HHC, Section 2(24, Section 28, Section 80HHC, Section 80HHC, Section 80HHC, Section 28, Section 80HHC, Section 80HHC, Section 80HHC, Section 28, Section 80HHC of the Act, Section 80HHC(3, Section 80HHC, Section 80HHC, Section 80HHC(3

PERSON: S.H. Kapadia, C.I.T. West Bengal, Anr, Trading Houses, Trading Houses, xxx xxx xxx2.(a, Item 16)18, year3, anySECTION BDetails, Duty Drawback, Taxman, Rs.51,600, Rs.24,90,000 Rs.30,50,000, Rs.24,90,000 Rs.30,50,000, Anr, Norman Wright, Ready Reckoner

NORP: J.1, Indian, Twelfth, Indian, Indian, B[See, c.

ORG: C.A. No.4409 of, M/s. Lakshmi Machine Works, Department, Department, Department, Court, Chowringhee Sales Bureau, CCS, the A.O. 4, C.I.T., Department, Tribunal, the Bombay High Court, Income-Tax v. Sudarshan Chemicals Industries Ltd., Department, Export House Certificate, Export House, a Trading House, Export House, the Export House or Trading House, the Export House or Trading House, the Export House or Trading House.(2)(a, the Reserve Bank of India, Clauses, Export House, Trading House, the Export House or Trading House, and(b, the Export House or, the Export House or Trading House, the Export House or, the Reserve Bank of India, the Foreign Exchange Regulation Act, Export House Certificate or, Export House, a Trading House, the Income Tax Rules, hereinbelow Annexures A & B, Export House/Trading House, the Export House/Trading House, Export House/Trading House, Export House/Trading House6, Export House/Trading HouseSL, AmountNo, House, ExportHouse, House, Tradingmerchandise House, FOB, the Imports (Control) Order, the Government of India, Customs, the Direct Taxes Ready Reckoner, P & L, Rs.30,50,000.4, cost2, incentive5 x, goods1 Total, the Imports (Control) Order, the Government of India, Customs, Export House/Trading House, Learned Counsel, Learned Counsel, Counsel, the Supreme Court, Reliance, Reliance, Paprika, Ltd., Board of Trade, Reliance, the Court of Appeal, Learned Counsel, Government, Learned Counsel, Learned Counsel, Learned Counsel, Learned Counsel, the Direct Taxes (Income tax, Central Sales Tax, the Income Tax Rules, Excess Profits Tax Act, the Business Profits Tax Act, Department

DATE: the assessment year 1993-94, 1961, 1973, year 1993-94, Section 80HHC(3, the previous year, a period of, six months, the previous year, six months, 1962, 52 of 1962, 1973, 46 of 1973, 1962, 52 of 1962, 1962, 52 of 1962, 1962, year, the 1st day of April, 1991, the relevant year, 1992, 1962, 19611, 1961, 1961, the year, 1961, 19611, 7 + 810, 4 minus 6)13, 2(b, each year, 1992, 1955, 1947, 1971, the year 1993-94:107.13-3P1 X Ltd., the year ending March 31, 1993, January 13, 1993, the previous year 1991- 92, the previous year 1991-92, September 30, 1993, the previous year 1992-93, the assessment year 1993-94.Profits, 1991-92, 1955, 1947, 1971, 1944, 1944, Section 80HHC(3, Section 80HHC(3

CARDINAL: 10.6.94, One, 83, 542, three, three, 2000]245ITR769(Bom, 1, 1, 1.-The, 2.-For, 1, 3, 1A, 1, 2, 1A, 2, 2, 52, 1962):Provided, 1.4.1992, 80HHC, one, 1.4.92, 10, 10CCAC, 1, 1A, 1, 2(a, 10CCAC, 6, 3, 5, 3, 1, 15, 1, 10CCAC]Details, 4, 5, 3A, 5, turnover + 90, three, three, three, 107.13-3P1, 32,60,000, 10,30,000, 42,90,000, 2,40,000Export, 6,50,000Brokerage, 2,70,000Profit, 80,000, 1, 86,920, 49.10]Business, 9,94,680Capital, 20,000, 10,14,680, 2,17,660, 2,70,000, 2,43,000Profit, 80,000, 86,680, 4a, 107.13-3a.107.13, three, 80HHC, one, 1.4.92, two, two, 123, 1, 1, two, 17, 455, 80HHC, 24, three

GPE: A.O., A.O., A.O., A.O., India, India, India, India, Clause, India, India, India, India, India, India, India, India, Clause, India, India, India, India, India, Clauses, Clauses, India, India, India, turnover5, Invoice, CCS, CCS, India, India, India, India, India, ii)trade, India, Kanga, Palkhivala, Kanga, Palkhivala, Kanga, A.O.

PERCENT: 10%, 90%, only 10%, 90%, 25%, 90%, 5,85,00090%, 90%, 90%, 90%

MONEY: ninety per cent, ninety per cent, 90 per cent, 90 per cent, 90 per cent

WORK_OF_ART: Export Houses, Export Houses, Export House Certificate', The Law and Practice of Income Tax, Love, the Hybrid System of Profits

ORDINAL: first, third, second, first, first, third, eighth

PRODUCT: Act

FAC: Sections 40, Sections 40 and