1998 (1) TMI 13

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f the Revenue, referable to the assessment year 1979-80 : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the assessee be declared an industrial company within the meaning of section 2(7)(c) of the Finance Act, 1979, and thus the concessional rate of tax should have been levied?" The assessee is a limited company engaged in the construction a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n of [1994] 209 ITR 877 and a decision by the Delhi High Court in CIT v. Minocha Brothers P. Ltd. [1986] 160 ITR 134. The decision of the Delhi High Court in CIT v. Minocha Brothers P. Ltd. [1986] 160 ITR 134 has been upheld by the Supreme Court in Minocha Bros. P. Ltd. v. CIT [1993] 204 ITR 628, though on different grounds. However, their Lordships have not overruled or expressed disagreement wit .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X