1997 (9) TMI 56

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..... tax Act, 1961, at the instance of the Revenue and the following question of law has been referred by the Tribunal for answer by this court : "Whether on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the assessee was an industrial undertaking and was entitled to relief under section 32A of the Income-tax Act?" The brief facts of the case are that .....

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..... ference has been made before this court. It is pointed out by learned counsel for the assessee that the assessee is not only involved in construction of buildings, housing complexes, etc., but sometimes the assessee is also engaged in the business of manufacture and supply of plant and equipment in the nature of ash handling and oil extraction system for thermal power plant and steel plant. Sh .....

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