https://www.taxtmi.com/caselaws?id=239732 The Court ruled against the assessee, determining that Zarda Yukta Pan Masala qualifies as a tobacco preparation under Schedule XI of the Income Tax Act. This classification disallowed the deductions claimed under Section 80I and Section 32AB, emphasizing the harmful health effects of tobacco and the broad interpretation of "tobacco preparation." The Court differentiated the case from previous precedents and clarified that the dismissal of a Special Leave Petition does not establish legal precedent. en-us Fri, 14 Dec 2012 00:00:00 +0530 Tue, 19 Nov 2013 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239732 The Court ruled against the assessee, determining that Zarda Yukta Pan Masala qualifies as a tobacco preparation under Schedule XI of the Income Tax Act. This classification disallowed the deductions claimed under Section 80I and Section 32AB, emphasizing the harmful health effects of tobacco and the broad interpretation of "tobacco preparation." The Court differentiated the case from previous precedents and clarified that the dismissal of a Special Leave Petition does not establish legal precedent. Case-Laws Income Tax Fri, 14 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239732