1976 (12) TMI 17

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..... ulated copper and aluminium wire, known as " winding wire ". The company claims certain benefits on the basis that it is engaged in a priority industry within the meaning of sections 33(1)(iii)(c)(A) and 80E read with item No. 7 of the 5th Schedule to the Income-tax Act, 1961. Item No. 7 of the 5th Schedule to the Income-tax Act runs as follows: "Equipment for the generation and transmission of .....

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..... ished products, he held that the assessee's industry was not entitled to be treated as a "priority industry". The appeals preferred by the assessee to the Appellate Assistant Commissioner were rejected. The further appeals preferred by the assessee to the Income-tax Appellate Tribunal were, however, allowed. The Tribunal held that though the decision of the Tribunal in the assessments relating to .....

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