https://www.taxtmi.com/caselaws?id=5613 The Supreme Court upheld the decision that profits from the sale of imported chemicals by a private limited company engaged in tanning hides and skins were not directly connected to its manufacturing activity. Despite arguments for a wider interpretation of "income attributable to," the Court emphasized the need for a direct causal link. The income was deemed not attributable to the manufacturing business for tax assessment purposes. The appeal was dismissed, and no costs were awarded. Special leave petitions for the subsequent assessment year were also dismissed in alignment with the main appeal decision. en-us Wed, 30 Apr 1997 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5613 The Supreme Court upheld the decision that profits from the sale of imported chemicals by a private limited company engaged in tanning hides and skins were not directly connected to its manufacturing activity. Despite arguments for a wider interpretation of "income attributable to," the Court emphasized the need for a direct causal link. The income was deemed not attributable to the manufacturing business for tax assessment purposes. The appeal was dismissed, and no costs were awarded. Special leave petitions for the subsequent assessment year were also dismissed in alignment with the main appeal decision. Case-Laws Income Tax Wed, 30 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5613