Income Tax Appellate Tribunal Itat Cochin Court October 2001 Judgments Home Cases Income Tax Appellate Tribunal Itat Cochin 2001 Page 1 of about 1 results (0.025 seconds)

Assistant Commissioner of Income Vs. Herbal Isolates (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (2002)83ITD310(Coch.)

1. This appeal relating to the asst. yr. 1993-94 is filed at the instance of the Revenue. The appeal is filed against the order of the CIT(A), Kochi, dt. 15th Oct., 1997, and arises out of the regular assessment completed under s, 143(3) of the IT Act, 1961 (hereinafter referred to as the Act).2. The respondent-assessee is a company engaged in the business of manufacturing spices products, such as oleoresins, essence and other items and exporting them to outside India. The assessee-company also supplies such manufactured products to other companies on a job work basis. The assessee belongs to the Synthite Group of Companies, who are one of the largest exporters of spices products in the country. It is also said that the assessee has received certificate of honour from the Spices Board for its export performance and holds the quality assurance mark of ISO 9002.3. As the assessee is an exporter of spices products as stated above, it has been claiming the benefits available under Section...