From the Judgment and Order dated 19.4.1984 of the Delhi High Court in I. Tax Ref.
An industrial companypany, as defined in sectiOn 2 7 c of Finance Act, 1973 for ,the purposes of the First Schedule of that Act was entitled to certain companycessions in the matter of taxation.
The Income tax Officer had number accepted the claim of.
CIVIL APPELLATE JURISDICTION Civil Appeal No.
the appellant but the Appellate Assistant Commissioner companyceded the claim and directed remission of the proceedings to the Income tax Officer for re computation of the tax by treating the appellant as an industrial companypany, The Tribunal accepted the appeal of the Revenue and held that the appellant was number an industrial companypany.
The question that was referred by the Income tax Appel late Tribunal to the High Court was Whether on the facts and in the circumstanCeS of the case the assessee companypany running a companyd storage companyld be held to be an industrial companypany for purposes of section 2C7 c of the Finance Act, 1973 and the First Schedule thereto?
N. Salve and Pramod Dayal for the Appellant.
The appellant laid claim to such benefits by companytending that it came within the meaning of industrial companypany.
K. Verma and Ms. A. Subhashini for the Respondent.
3164 NT or 1991.
The Judgment of the Court was delivered by RANGANATH MISRA, CJ.
Special leave granted.
The judgment of the High Court of Delhi is challenged by the assessee in this appeal.
250 of 1975.
Ramamurthy, Vijay.
The year of assessment is 1973 74.
Assessee is a private limited companypany running a companyd storage.
