2001 PLP 3377 (PTD)
ENGLISH ELECTRIC CO. LTD. Versus COMMISSIONER OF INCOME‑TAX
| Citation | 2001 PLP 3377 (PTD) |
| Forum / Court | 249 I T R 793 |
| Bench Members | S. C. Sen and S. P. Kurdukar, JJ |
| Parties | ENGLISH ELECTRIC CO. LTD. Versus COMMISSIONER OF INCOME‑TAX |
Q1: What are the key laws and sections cited in 2001 PLP 3377 (PTD)?
This judgment primarily cites: statutory provisions as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 2001 PLP 3377 (PTD)?
The case was heard and decided by the 249 I T R 793 bench comprising: S. C. Sen and S. P. Kurdukar, JJ.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 2001 PLP 3377 (PTD) (ENGLISH ELECTRIC CO. LTD. Versus COMMISSIONER OF INCOME‑TAX). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Representation
- A.V. Rangam, Advocate for Appellant.
- B.K. Prasad, Advocate for Respondent.
Headnotes / Summary
(Appeal from the judgment and order, dated December 13, 1979 of the Madras High Court in T.C. No.277 of 1976). Income‑tax‑‑‑ ‑‑‑‑Priority industry‑‑‑Scope of relief‑‑‑Losses of non‑priority industries not to be deducted‑‑‑Indian Income Tax Act, 1961, S.80E‑‑‑[CIT v. English Electric Co. Ltd. (1981) 131 ITR 277 reversed]. From the decision of the Madras High Court [see (1981) 131 ITR 277] to the effect that the assessee would be eligible for deduction, under section 80E of the Income Tax Act, 1961, of a percentage of only such profits and gains attributable to a priority industry as remained after adjustment of the losses in non‑priority industry, the assessee preferred an appeal to the Supreme Court. The Supreme Court set aside the decision of the Madras High Court. CIT v. Canara Workshops (P.) Ltd. (1.986) 161 ITR 320 (SC) fol. CIT v. English Electric Co. Ltd. (1981) 131 ITR 277 reversed.