2009 (8) TMI 8

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ndent. ORDER 1. The Income Tax Appellate Tribunal, Chandigarh has referred following question of law for opinion of this Court, arising out of its order dated 15.5.1996 in I.T.A No.1386/Chandi/90 relating to assessment year 1985-86:- "Whether, on the facts and in the circumstances of the case, the ITAT was right in law in holding that the assessee be treated as industrial company and that the t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e for manufacturing company or industrial company is to encourage the industrial activity and investment by a company in a firm which is involved in a manufacturing process satisfies the object of lessor rate. Therefore, following the Delhi High Court decision it is held that this company gets major part of its income from a manufacturing activity and thus liable to lessor rate of taxation? 3. Th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X