https://www.taxtmi.com/caselaws?id=5550 The Supreme Court ruled in favor of the assessee in an appeal regarding the interpretation of the words "attributable to" in sections 80E and 80-I of the Income-tax Act, 1961. The Court held that the profits from the import and sale of spare parts were indeed attributable to the priority industry of manufacturing trucks and spare parts, emphasizing the interconnected nature of the business activities. The Court's decision aligned with a previous precedent and overturned the High Court's ruling, ultimately allowing the appeals with no costs awarded to either party. en-us Thu, 19 Dec 1996 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5550 The Supreme Court ruled in favor of the assessee in an appeal regarding the interpretation of the words "attributable to" in sections 80E and 80-I of the Income-tax Act, 1961. The Court held that the profits from the import and sale of spare parts were indeed attributable to the priority industry of manufacturing trucks and spare parts, emphasizing the interconnected nature of the business activities. The Court's decision aligned with a previous precedent and overturned the High Court's ruling, ultimately allowing the appeals with no costs awarded to either party. Case-Laws Income Tax Thu, 19 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5550