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| The Tax Publishers2020 TaxPub(DT) 1009 (SC) INCOME TAX ACT, 1961
Section 261 & 10B
Where the Department preferred SLP to appeal against the judgment of Kerala High Court in Tata Tea Ltd. v. ACIT [ITA Nos. 87 & 89 of 2009, dt. 21-1-2010] : (2011) 338 ITR 285 (Ker) : 2010 TaxPub(DT) 1368 (Ker-HC), whereby the High Court held that the decision of the Supreme Court in Tara Agencies case was not applicable for the purpose of considering exemption for industries in the Export Processing Zones, Free Trade Zones and to 100 per cent Export-oriented Units covered by sections 10,10AA and 10B, therefore, following the judgment of this court assessee was entitled to exemption on the profit derived by its 100 per cent Export-oriented Unit engaged in blending, packing and export of tea bags and tea packets, the Supreme Court dismissed the SLP on the ground of low tax effect.
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Appeal (Supreme Court) - Special leave petition - Deduction under section 10B - Scope of term 'Manufacturer'--Blending, packing and export of tea
Department preferred SLP to appeal against the judgment of Kerala High Court in Tata Tea Ltd. v. ACIT [ITA Nos. 87 & 89 of 2009, dt. 21-1-2010] : (2011) 338 ITR 285 (Ker) : 2010 TaxPub(DT) 1368 (Ker-HC), whereby the High Court held that the decision of the Supreme Court in Tara Agencies case was not applicable for the purpose of considering exemption for industries in the Export Processing Zones, Free Trade Zones and to 100 per cent Export-oriented Units covered by sections 10,10AA and 10B, therefore, following the judgment of this Court, assessee was entitled to exemption on the profit derived by its 100 per cent Export-oriented Unit engaged in blending, packing and export of tea bags and tea packets. Held: The Supreme Court dismissed the SLP on the ground of low tax effect.
REFERRED :
FAVOUR : SLP dismissed.
A.Y. :
IN THE SUPREME COURT OF INDIA
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