https://www.taxtmi.com/caselaws?id=215926 The High Court dismissed the appeal, affirming that the activities of the assessee qualified as an industrial undertaking for claiming deductions under section 80-I of the Income-tax Act, 1961. The Court emphasized the necessity of formulating substantial questions of law when admitting appeals and framed two such questions related to the entitlement of the assessee for deduction and the classification of activities as an industrial undertaking. Relying on precedents, the Court upheld the lower authorities' decisions, stating that the activities constituted manufacturing and fell within the definition of an industrial undertaking, thus supporting the assessee's position. en-us Wed, 08 Feb 2012 00:00:00 +0530 Thu, 13 Dec 2012 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215926 The High Court dismissed the appeal, affirming that the activities of the assessee qualified as an industrial undertaking for claiming deductions under section 80-I of the Income-tax Act, 1961. The Court emphasized the necessity of formulating substantial questions of law when admitting appeals and framed two such questions related to the entitlement of the assessee for deduction and the classification of activities as an industrial undertaking. Relying on precedents, the Court upheld the lower authorities' decisions, stating that the activities constituted manufacturing and fell within the definition of an industrial undertaking, thus supporting the assessee's position. Case-Laws Income Tax Wed, 08 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215926