In the result, the revenue appeals in ITA Nos
Bench: Dr. Mitha Lal Meena, Hon'Ble & Anikesh Banerjee, Hon'Ble
68 (SC), the Hon'ble Supreme Court held that beneficial exemption having their purpose as encouragement or promotion of certain activities should be liberally interpreted. In the case of State of Gujarat v. S.A. Himnani Distributors P. Ltd. (2014) 43 taxmann.com 358 (Gujarat), the Hon'ble Gujarat High Court held that when State is inclined to give some tax benefit