1987 (9) TMI 2 - SC - Income Tax

Respondent supplied cool, filtered and chilled air through air-conditioning apparatus to the lessees in the building under consideration, it was an industrial company within the meaning of section 2(6)(d) - rate of tax applicable - Income-tax Appellate Tribunal and the High Court are right in holding that the question i.e. whether the respondent was an industrial company , is one of fact - no question of law arises

Summary

The Supreme Court upheld the decision of the Income-tax Appellate Tribunal and High Court that the respondent-assessee, who supplied cool, filtered, and chilled air through air-conditioning apparatus, qualified as an "industrial company." The respondent was subject to tax rates of 55% and 60% instead of 65%. The Court dismissed the appeals without costs. (Case Citation: 1987 (9) TMI 2 - Supreme Court)