Firms in Dam Construction Deemed Industrial Undertakings for Tax Exemption

The Appellate Tribunal ITAT Jaipur upheld the AAC's order granting exemption to firms engaged in dam construction as industrial undertakings under section 5(1)(xxxii) of the WT Act, 1957. The Revenue's appeal for the assessment year 1976-77 was dismissed.

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The Appellate Tribunal ITAT Jaipur upheld the order of the AAC regarding the exemption of firms engaged in dam construction as industrial undertakings under section 5(1)(xxxii) of the WT Act, 1957. The appeal filed by the Revenue for the assessment year 1976-77 was dismissed. (Case citation: 1982 (9) TMI 131 - ITAT Jaipur)

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