https://www.taxtmi.com/caselaws?id=63392 The Tribunal partially allowed the assessee's appeal, dismissing the departmental appeal. It held that Section 40A(2) did not apply to the transaction, deemed the consideration for distribution rights reasonable, and remanded the classification issue as an industrial company for further consideration. en-us Mon, 10 Nov 1986 00:00:00 +0530 Sat, 29 Jan 2011 17:11:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63392 The Tribunal partially allowed the assessee's appeal, dismissing the departmental appeal. It held that Section 40A(2) did not apply to the transaction, deemed the consideration for distribution rights reasonable, and remanded the classification issue as an industrial company for further consideration. Case-Laws Income Tax Mon, 10 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63392