1976 (12) TMI 17

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..... a company carrying on business in the manufacture and sale of insulated 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 run .....

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..... fans and other electrical gadgets as raw material for their finished 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 tho .....

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