https://www.taxtmi.com/caselaws?id=391258 The Supreme Court held that bottling gas into cylinders does not qualify as a production activity for tax benefits. The Appellant's arguments were dismissed based on the precedent set in Commissioner of Income Tax vs. Hindustan Petroleum Corporation Ltd. [2017] 396 ITR 696 (SC). Additionally, the Appellant's challenge regarding disallowances under Section 14A of the Income Tax Act was rejected as Rule 8D applied from assessment year 2008-09, following Commissioner of Income Tax vs. Essar Teleholdings Ltd. [2018] 401 ITR 445 (SC). The Appeal was disposed of, emphasizing adherence to legal precedents and specific tax rules. en-us Mon, 13 Jan 2020 00:00:00 +0530 Tue, 09 Aug 2022 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391258 The Supreme Court held that bottling gas into cylinders does not qualify as a production activity for tax benefits. The Appellant's arguments were dismissed based on the precedent set in Commissioner of Income Tax vs. Hindustan Petroleum Corporation Ltd. [2017] 396 ITR 696 (SC). Additionally, the Appellant's challenge regarding disallowances under Section 14A of the Income Tax Act was rejected as Rule 8D applied from assessment year 2008-09, following Commissioner of Income Tax vs. Essar Teleholdings Ltd. [2018] 401 ITR 445 (SC). The Appeal was disposed of, emphasizing adherence to legal precedents and specific tax rules. Case-Laws Income Tax Mon, 13 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391258