1985 (11) TMI 97 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Hyderabad dismissed the appeal of an assessee firm running a lodge and restaurant seeking relief under s. 80J for plant and machinery used in the production of eatables. The Tribunal held that preparing eatables in a restaurant is a trading activity, not manufacturing, citing precedents from Kerala, Madras, and Karnataka High Courts. The claim was disallowed by lower authorities and the appeal was rejected. (Case Citation: 1985 (11) TMI 97 - ITAT HYDERABAD)