2001 (4) TMI 10 - SC - Income Tax

Production or manufacture of processed fish - processing of marine products for export - Tribunal is right in law and fact in holding that the assessee is an industrial company eligible to be taxed only at the rate of 55 per cent - entitled to relief under section 80J

Summary

The Supreme Court answered questions regarding the assessment years 1980-81 to 1984-85 in favor of the Revenue and against the assessee. The appeals were allowed, and parties were left to bear their own costs.