Allowed
The Commissioner of Incometax, Kottayam v. M/S.United Marine Exports, Chandiroor
Kerala HCITA/175/2001
Case brief
AI extract
What is this about?
The Income Tax Appellate Tribunal allowed the revenue appeal in favor of the Commissioner of Income Tax against M/s. United Marine Exports based on the Supreme Court's decision in C.I.T. v. Ravindranathan Nair, reversing the lower authority's order.
What did the court decide?
The appeal is allowed, the Tribunal's order is reversed, and the assessment is restored regarding relief under Section 80HHC.