1979 (11) TMI 68

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..... judgment, as the facts as well as the question of law are identical. The two assessees are partners in a firm known as M/s. Prayag Dass Kanhaiya Lal Co. The firm carries on a business in the manufacture of a paper known as " Delhi Pulp Industries " which, it is common ground, is an industrial undertaking within the meaning of s. 84 of the I.T. Act, 1961, as it stood at the relevant time. The f .....

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..... ubject-matter of judicial decisions. The Gujarat High Court in CIT v. Arun Industries [1966] 61 ITR 241 and the Allahabad High Court in CIT v. Globe Engineers (P.) Ltd. [1973] 90 ITR 188 and in CIT v. Bharat Bhanday [1974] 94 ITR 315 have held that such rebate is available to each of the partners in addition to the rebate granted in the case of the firm. It is seen from the commentary of Chaturved .....

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