https://www.taxtmi.com/caselaws?id=219477 The court upheld the Tribunal's decision that the assessee was not an Industrial Company and was liable for additional tax under Section 104 of the Income Tax Act, 1961. Additionally, the court agreed with the Tribunal's refusal to admit the additional ground of appeal raised by the assessee, as it was not raised at the appropriate stages of the proceedings. The court ruled against the assessee on both issues, in favor of the Revenue, and the reference was answered with no costs. en-us Fri, 02 Nov 2012 00:00:00 +0530 Sat, 15 Dec 2012 09:21:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219477 The court upheld the Tribunal's decision that the assessee was not an Industrial Company and was liable for additional tax under Section 104 of the Income Tax Act, 1961. Additionally, the court agreed with the Tribunal's refusal to admit the additional ground of appeal raised by the assessee, as it was not raised at the appropriate stages of the proceedings. The court ruled against the assessee on both issues, in favor of the Revenue, and the reference was answered with no costs. Case-Laws Income Tax Fri, 02 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219477