Orient Crafts Limited v. Commissioner of Income Tax, New Delhi (with connected matters)
2026 INSC 101818 September 202610 min read
Supreme Court Holds CBDT Circular Cannot Override Statute, Dismisses Export Quota Premium Deduction Claims
Supreme Court dismisses assessee's appeals, holding that CBDT Office Memorandum equating export quota premium with Section 28(iiia)-(iiic) items is not binding on courts and cannot override statutory provisions.
Case Snapshot
- Case Name
- Orient Crafts Limited v. Commissioner of Income Tax, New Delhi (with connected matters)
- Citation
- 2026 INSC 1018
- Bench
- Justice S.V.N. Bhatti and Justice N.V. Anjaria
- Date of Judgment
- September 18, 2026
- Area of Law
- Income Tax Law, Section 80HHC, CBDT Circulars, Revisional Jurisdiction
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