2001 (8) TMI 37

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..... opinion of this court under section 256(1) of the Income-tax Act, 1961 (in short "the Act"), by the Income-tax Appellate Tribunal, Delhi Bench "A", New Delhi (in short "the Tribunal"): "Whether, on the facts and in the circumstances of the case, the assessee is entitled to- (i) investment allowance under section 32A(2)(b)(iii); and (ii) relief under section 80J of the Income-tax Act, 1961?" .....

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..... l undertaking and that the profits and gains derived from the activity of building construction were profits derived from the industrial undertaking. The Income-tax Officer held that the assessee was not an industrial undertaking and, therefore, the claim for investment allowance and benefit under section 80J were denied. The matter was carried in appeal before the Commissioner of Income-tax (Appe .....

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