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1977 (1) TMI 5 - SC - Income Tax
Industrial Undertaking - - new plant and machinery are installed in an existing factory premises - it could not be said that the units were not new industrial units by themselves these units set up side by side with the old ones were also added to the assessee s total output - assessee is entitled to s. 15C - Revenue s appeal is dismissed
The Supreme Court dismissed the appeal by the Commissioner of Income-tax, West Bengal, Calcutta, regarding the application of section 15C of the Indian Income-tax Act, 1922 to new production units added to existing units. The High Court had ruled in favor of the assessee, and the Supreme Court's decision in a related case was cited as precedent. The appeal was dismissed with costs.
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