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1971 (3) TMI 46 - HC - Income Tax
Assessee was running an old sugar factory operated by steam. It erected a new factory run by electricity - " Whether, on the facts and in the circumstances of the case, the assessee-company is entitled to exemption from tax on the profits or gains derived from the plant and machinery installed by it at a cost of Rs. 1,10,00,000 under section 15C of the Indian Income-tax Act, 1922 ? "