1989 (1) TMI 7 - HC - Income Tax

Summary

The High Court of Kerala dismissed the Revenue's petition regarding the deduction under section 80J of the Income-tax Act for an assessee engaged in processing and exporting fish, based on a previous decision that processing fish amounts to production of an article, making the assessee an industrial undertaking. The court held that the same reasoning applied in this case, and therefore, no referable question of law arose. The petition was dismissed.