1980 (11) TMI 70 - AT - Income Tax

Summary

The Revenue appealed that M/s Natraj Studios P. Ltd. is not an industrial company, but the Tribunal confirmed that it is. The Inspector's report supported the assessee's position. The CIT (A) decision was upheld, and the Revenue's appeals were dismissed. (Case: Appellate Tribunal ITAT BOMBAY-C, Citation: 1980 (11) TMI 70 - ITAT BOMBAY-C, Members: K. T. Thakore, F. C. Rustagi)