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TMI Blog1984 (8) TMI 15X X X X Extracts X X X X X X X X Extracts X X X X ..... -tax Act, has been referred: "Whether in view of the earlier order of the Tribunal, the Income-tax Officer having found the facts stated therein to be correct, had no jurisdiction to disallow the relief under section 80J in respect of Goliath Screw Caps manufacturing unit ?" The assessee-company, which had been set up to manufacture metal lamp caps for electric bulbs, had started manufacturin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h Screw Caps, would be an industrial undertaking different from the industrial undertaking which manufactured the metal lamp caps and which enjoyed the benefits of section 80J. It would appear that the conditions prescribed in sub-section (4) of section 80J will be satisfied as regards this new industrial undertaking also. So the Income-tax Officer will have to examine these facts furnished by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate Assistant Commissioner, was concluded by the earlier order of the Tribunal and the only facts to be verified by the Incometax Officer were: (1) whether, Goliath Screw Caps was an entirely new item unconnected with the old item manufactured by the assessee, (2) whether new machinery had been purchased and used for that purpose, and (3) whether fresh capital was employed. The Appellate Assistant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... our of the assessee, the Tribunal appears to have held that section 80J(4) would also be satisfied and the assessee would be entitled to the relief under section 80J. The language used in the first order might not be precise or unambiguous, but the author of that order understands it in that sense and, therefore, it would be better to accept that view. We, therefore, answer the question in the aff ..... X X X X Extracts X X X X X X X X Extracts X X X X
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