In the result, the revenue appeals in ITA Nos
68 (SC), the Hon'ble Supreme Court held that\nbeneficial exemption having their purpose as encouragement or\npromotion of certain activities should be liberally interpreted.\nIn the case of State of Gujarat v. S.A. Himnani Distributors P. Ltd. (2014) 43\ntaxmann.com 358 (Gujarat), the Hon'ble Gujarat High Court held that\nwhen State is inclined to give some tax benefit