https://www.taxtmi.com/caselaws?id=5768 The Supreme Court held that the manufacturing of yarn falls within the definition of textiles under Entry 21 of the Ninth Schedule. The Court emphasized the inclusive nature of the term "textiles" and legislative intent to provide benefits to a wide range of goods. Relying on judicial precedents and considering the broader interpretation of textile-related entries, the Court upheld the grant of higher initial depreciation on yarn production. The appeal was dismissed, affirming the decisions of the lower courts. en-us Wed, 15 Dec 1999 00:00:00 +0530 Thu, 25 Dec 2014 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5768 The Supreme Court held that the manufacturing of yarn falls within the definition of textiles under Entry 21 of the Ninth Schedule. The Court emphasized the inclusive nature of the term "textiles" and legislative intent to provide benefits to a wide range of goods. Relying on judicial precedents and considering the broader interpretation of textile-related entries, the Court upheld the grant of higher initial depreciation on yarn production. The appeal was dismissed, affirming the decisions of the lower courts. Case-Laws Income Tax Wed, 15 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5768