https://www.taxtmi.com/caselaws?id=170855 The Supreme Court analyzed the interpretation of "attributable to" in Section 80-E/80-I of the Income Tax Act. The Court held that the income from importing and selling spare parts was indeed attributable to the priority industry of manufacturing vehicles. The spare parts activity was integral to the main business, qualifying for tax benefits under Sections 80-E and 80-I. The Court allowed the appeals, overturning the High Court's decision and ruling in favor of the assessee. en-us Thu, 19 Dec 1996 00:00:00 +0530 Sat, 20 Jun 2015 16:45:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170855 The Supreme Court analyzed the interpretation of "attributable to" in Section 80-E/80-I of the Income Tax Act. The Court held that the income from importing and selling spare parts was indeed attributable to the priority industry of manufacturing vehicles. The spare parts activity was integral to the main business, qualifying for tax benefits under Sections 80-E and 80-I. The Court allowed the appeals, overturning the High Court's decision and ruling in favor of the assessee. Case-Laws Income Tax Thu, 19 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170855