Punjab & Haryana HC rules in favor of assessee in tax case, citing precedent

The Punjab and Haryana HC ruled against the revenue in a tax case regarding the assessee's classification as an "Industrial Company," citing a previous case in favor of the assessee.

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The Punjab and Haryana High Court ruled against the revenue in a tax case regarding the classification of the assessee as an "Industrial Company." The court referred to a previous case where a similar question was decided in favor of the assessee. The reference application was disposed of accordingly.

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