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2004 PTD 2149

COMMISSIONER OF INCOME-TAX vs GOGINENI TOBACCO LTD. ,

Citation2004 PTD 2149
CourtSupreme Court of India
Case No.Civil Appeal No,3790 of 1999 tax Case No,45 of 1998
Date1999-07-15
Judge(s)S. Rajendra Babu, B. N. Kirpal
ResultOrder accordingly

ORDER

1. ' Special leave granted.

2. ' After hearing counsel for the parties, in our opinion, the High Court was not correct in dismissing the application under section 256(2) of the Income Tax Act, 1961. A question of law does arise. We, therefore, allow the appeal and direct the Tribunal to state the case and refer the following question of law to the High Court: "Whether, on the facts and in the circumstances of the case, benefit of section 80HHC can be claimed on the total income after deduction of unabsorbed losses and unabsorbed depreciation or otherwise?"

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