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2006 (3) TMI 85 - HC - Income TaxDeduction under section 80J - assessee started business from July 31, 1978, after acquisition of trawlers and it carried on operation for two months. During the year ending on September 30, 1978, which would be relevant for the year 1979-80, the assessee was catching fish in the high seas and selling it. On September 30,1979, it commissioned freezing and cold storage plant and also started export of fish and fish products after processing the caught fish. - "Whether, Tribunal was justified in upholding the order of the Commissioner of Income-tax (Appeals) that the assessee-company is to be treated as an industrial undertaking for the purpose of deduction under section 80J of the Income-tax Act, 1961?" - we answer the reference in favour of the Revenue and against the assessee
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