Commissioner of Income-tax, Coimbatore v. The Salisbury Industrial Co-Operative Tea Factory Ltd
[Citation -2020-LL-0213-34]
| Citation | 2020-LL-0213-34 |
|---|---|
| Appellant Name | Commissioner of Income-tax, Coimbatore |
| Respondent Name | The Salisbury Industrial Co-Operative Tea Factory Ltd. |
| Court | HIGH COURT OF MADRAS |
| Relevant Act | Income-tax |
| Date of Order | 13/02/2020 |
| Assessment Year | 2003-04 |
| Judgment | View Judgment |
| Keyword Tags | monetary limit • tax effect |
| Bot Summary: | Tea Factory Ltd. 2/4 Whether under the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in holding that the assessee Society eligible for availing the benefits of deduction under Section 80P(2)(a)(iii) of the Income Tax Act Whether under the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in holding that the assessee Society is eligible for deduction when the assessee manufactures black tea powder out of green tea leaves grown by its members, which has different shape, texture and use Whether under the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in holding that the assessee Society is eligible for deduction even though it is using power in producing the black tea powder 2. Tea Factory Ltd. 3/4 the tax effect does not exceed Rs.1,00,00,000/-. In the instant cases, the tax effect is said to be less than the monetary limit imposed and therefore, the Appeals filed by the Revenue are dismissed, as withdrawn, keeping open the substantial questions of law for determination in appropriate cases. |