1989 (1) TMI 7

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..... spondent herein is an assessee to income-tax. We are concerned with the assessment year 1979-80. The assessee-company is engaged in the purchase and export of processed fish and selling the same. Processing of fish, freezing the same and allied activities are carried on. It is also a dealer in diesel and other lubricants. The assessee put forward the plea that it is entitled to deduction under sec .....

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..... id prayer by order dated April 29, 1987. It held that the matter is covered by the decision of the High Court of Kerala in I. T. R. No. 98 of 1981 dated March 16,1987 (see [1987] 166 ITR 624). It is thereafter that the Revenue has moved this court by filing this original petition under section 256(2) of the Incometax Act, 1961. We heard counsel for the Revenue as also counsel for the respondent- .....

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