1995 (3) TMI 173 - AT - Income Tax

Summary

The Revenue appealed against the CIT(A) order regarding the assessee's tax rate classification. The AO considered the assessee a trading company due to predominant trading activity, but the CIT(A) found the assessee to be an industrial company as it manufactured metalizing equipments. The Tribunal upheld the CIT(A)'s decision based on the assembling activity and profit earned from it, dismissing the appeal. (Case: Appellate Tribunal ITAT Jaipur, Citation: 1995 (3) TMI 173 - ITAT Jaipur)