1981 (7) TMI 98 - AT - Income Tax

Summary

The Commr. requested the Tribunal to refer a question regarding the activity of producing cinematographic films as an "Industrial Undertaking" for relief under s. 80J of the IT Act. The Tribunal declined to refer the question, stating that no referable question of law arises. The CIT(A) held that producing films is similar to an industrial undertaking, and the Tribunal upheld this decision based on a CBDT circular. The Tribunal concluded that the activity qualifies as an industrial undertaking, and the application was rejected.