1997 (8) TMI 31 - HC - Income Tax

Law Applicable Preliminary Expenses Industrial Undertaking Transportation Of Goods Export Market Development Allowance

Summary

The High Court of Madras held that an undertaking engaged in the transportation of goods by trucks is not considered an industrial undertaking under section 35D of the Income-tax Act. The court also ruled that rule 6AA, which relates to relief under section 35B, was not applicable for the assessment year 1981-82 as it was introduced after that period. The Tribunal's decision was upheld based on previous court judgments.