https://www.taxtmi.com/caselaws?id=37926 Receipts from the sale of import licences earned on carpet exports were treated as income attributable to the assessee's manufacturing activity because the licences arose directly from export operations and the sale proceeds offset export losses. On that wider meaning of "attributable to", the business qualified as an industrial company and the concessional tax rate applied. The Appellate Assistant Commissioner's direction to re-examine the bonus deduction claim was also upheld because the existing record did not contain a finding on the assessee's past practice, and a fresh enquiry on that material was within jurisdiction. en-us Wed, 20 Sep 1978 00:00:00 +0530 Fri, 02 Apr 2010 12:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37926 Receipts from the sale of import licences earned on carpet exports were treated as income attributable to the assessee's manufacturing activity because the licences arose directly from export operations and the sale proceeds offset export losses. On that wider meaning of "attributable to", the business qualified as an industrial company and the concessional tax rate applied. The Appellate Assistant Commissioner's direction to re-examine the bonus deduction claim was also upheld because the existing record did not contain a finding on the assessee's past practice, and a fresh enquiry on that material was within jurisdiction. Case-Laws Income Tax Wed, 20 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37926