1995 (2) TMI 33 - HC - Income Tax

Burden Of Proof, Development Allowance, Income Tax Act, Industrial Undertaking, Small Scale Undertaking, Weighted Deduction

Summary

The High Court of Rajasthan ruled in favor of the Revenue against the assessee in a case involving deduction under section 35B(1A) of the Income-tax Act, 1961. The Tribunal held that the assessee-firm is not an industrial undertaking eligible for the deduction. The decision was based on findings similar to a previous case involving Dhandia Gems Corporation. The court found that the assessee failed to prove that the goods produced were from a small-scale industrial undertaking, therefore disallowing the deduction.