1976 (12) TMI 17 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled that the assessee company was entitled to benefits under sections 33(1)(iii)(c)(A) and 80E of the Income-tax Act for manufacturing insulated copper and aluminium wire used in electricity transmission. The Tribunal allowed the company's appeal, stating that the winding wires qualified as aluminium cables. The Court directed the Tribunal to refer the question of the company's entitlement to benefits for decision.