https://www.taxtmi.com/caselaws?id=63622 The Tribunal allowed the assessee's claim regarding the computation of tax at 55% instead of 65% for the assessment year 1975-76. The Tribunal held that as the firm in which the assessee was a partner was a manufacturing concern, the assessee, being a partner, should also be treated as a manufacturer for tax purposes. Relying on established legal principles and relevant case laws, the Tribunal concluded that the correct tax rate applicable should have been 55%, overturning the decisions of the Income Tax Officer and the Appellate Assistant Commissioner. en-us Sat, 19 Apr 1980 00:00:00 +0530 Tue, 01 Feb 2011 11:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63622 The Tribunal allowed the assessee's claim regarding the computation of tax at 55% instead of 65% for the assessment year 1975-76. The Tribunal held that as the firm in which the assessee was a partner was a manufacturing concern, the assessee, being a partner, should also be treated as a manufacturer for tax purposes. Relying on established legal principles and relevant case laws, the Tribunal concluded that the correct tax rate applicable should have been 55%, overturning the decisions of the Income Tax Officer and the Appellate Assistant Commissioner. Case-Laws Income Tax Sat, 19 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63622