https://www.taxtmi.com/caselaws?id=345704 The High Court of Bombay ruled in favor of supporting manufacturers in a case challenging notices issued by the Revenue under Section 147. The court found that the supporting manufacturers were entitled to a deduction under Section 80HHC based on the eligibility of the export house, Allana Sons Ltd., for the deduction. The court quashed the notices, emphasizing the importance of legal precedents and the retrospective application of statutory provisions in tax matters. en-us Fri, 14 Jul 2017 00:00:00 +0530 Tue, 25 Jul 2017 07:56:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345704 The High Court of Bombay ruled in favor of supporting manufacturers in a case challenging notices issued by the Revenue under Section 147. The court found that the supporting manufacturers were entitled to a deduction under Section 80HHC based on the eligibility of the export house, Allana Sons Ltd., for the deduction. The court quashed the notices, emphasizing the importance of legal precedents and the retrospective application of statutory provisions in tax matters. Case-Laws Income Tax Fri, 14 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345704