1978 (12) TMI 84

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..... For the assessment year under appeal, she claimed exemption in respect of her share under s. 5(1)(xxxii) of the WT Act. The WTO disallowed the claim on the ground that the business of the firm was not that of an industrial undertaking engaged in the business of generation or distribution of electricity or any other form of power but was only one of the purchasing and selling gas cylinders. On appe .....

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..... enses incurred in connection with the asset. As the assessee is a distributor for Indian Oil Corporation Ltd., the requisition of s. 5(I)(xxxii) are not satisfied. 4. That the exemption is available if the firm is an industrial undertaking engaged in the business of generation or distribution of electricity or any other form of power is not in dispute. It is not merely in connection with the gen .....

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..... onstitute distribution of this particular form of power. It is not necessary that gas should be distributed as is done in some places through pipelines only because of the possibility of containing it within a container. As far as this form of power is concerned distribution through contained such as gas cylinders would also constitute distribution of power the business of the firm in which the as .....

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