https://www.taxtmi.com/caselaws?id=241649 Industrial alcohol is not covered by Item 1 of the Eleventh Schedule, because the words "beer, wine and other alcoholic spirits" were read in context to denote consumable alcoholic beverages. Applying ejusdem generis and noscitur a sociis, the general words were confined to the same genus as the specific items, and denatured spirit used for industrial purposes fell outside that class. Deduction under Section 80-I is therefore not denied on the basis that industrial alcohol falls within the Eleventh Schedule. en-us Thu, 09 Aug 2012 00:00:00 +0530 Sat, 28 Dec 2013 09:32:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241649 Industrial alcohol is not covered by Item 1 of the Eleventh Schedule, because the words "beer, wine and other alcoholic spirits" were read in context to denote consumable alcoholic beverages. Applying ejusdem generis and noscitur a sociis, the general words were confined to the same genus as the specific items, and denatured spirit used for industrial purposes fell outside that class. Deduction under Section 80-I is therefore not denied on the basis that industrial alcohol falls within the Eleventh Schedule. Case-Laws Income Tax Thu, 09 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241649