https://www.taxtmi.com/caselaws?id=24386 The court ruled against the assessee in a case concerning the interpretation of "mineral oil" for tax benefits. The blending process undertaken was found not to produce mineral oil as defined in the relevant schedules of the Income-tax Act, leading to the denial of benefits under sections 80E/80-1 and section 33(1)(b)(B)(i). The court applied the principle of noscitur a sociis, restricting the term to substances extracted from the earth. As the blending activity did not meet this definition, the court sided with the Revenue, denying the specified deductions to the assessee. en-us Tue, 29 Nov 1988 00:00:00 +0530 Tue, 19 Jan 2010 16:04:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24386 The court ruled against the assessee in a case concerning the interpretation of "mineral oil" for tax benefits. The blending process undertaken was found not to produce mineral oil as defined in the relevant schedules of the Income-tax Act, leading to the denial of benefits under sections 80E/80-1 and section 33(1)(b)(B)(i). The court applied the principle of noscitur a sociis, restricting the term to substances extracted from the earth. As the blending activity did not meet this definition, the court sided with the Revenue, denying the specified deductions to the assessee. Case-Laws Income Tax Tue, 29 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24386