Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1978 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1978 (11) TMI 46 - HC - Income TaxExtract: .......From the statement of Shri P. N. Mayor, it is clear that the intention of the assessee-company from the very beginning was to manufacture discs for tractors and not to let the machinery on hire to third parties. For the reasons stated above, question No. 2 is also answered in the affirmative, i.e., against the assessee and in favour of the revenue.
|