https://www.taxtmi.com/caselaws?id=36973 The court held that kyanite does not qualify as a "mineral ore" under the Tax Credit Certificate (Exports) Scheme, 1965. The court emphasized the requirement that an ore must be a mineral from which metal can be extracted profitably. The revenue's interpretation was deemed reasonable, adhering to the popular definition of "ore" in taxing statutes. The court dismissed the appeals, upholding the revenue's decision and emphasizing the importance of the commercially accepted definition of "ore" for tax credit eligibility. en-us Thu, 03 Apr 1980 00:00:00 +0530 Thu, 25 Mar 2010 16:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36973 The court held that kyanite does not qualify as a "mineral ore" under the Tax Credit Certificate (Exports) Scheme, 1965. The court emphasized the requirement that an ore must be a mineral from which metal can be extracted profitably. The revenue's interpretation was deemed reasonable, adhering to the popular definition of "ore" in taxing statutes. The court dismissed the appeals, upholding the revenue's decision and emphasizing the importance of the commercially accepted definition of "ore" for tax credit eligibility. Case-Laws Income Tax Thu, 03 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36973