COMMR.OF INCOME TAX,CHENNAI vs M/S SHIVA TAX YARN LIMITED — C.A. No. 614/2008

Summary On September 4, 2012, the Supreme Court dismissed the Commissioner of Income Tax, Chennai's appeal against M/S Shiva Tex Yarn Limited concerning Assessment Year 2001-2002. The court held that excise duty and sales tax need not be included in the total turnover formula under Section 80HHC(3) of the Income Tax Act, 1961, following the precedent of Commissioner of Income Tax vs. Lakshmi Machine Works. No order as to costs was made. This case analysis is maintained by casestatus.in based on publicly available court records.