https://www.taxtmi.com/caselaws?id=8723 The court ruled in favor of the assessee-company, determining that it was entitled to a rebate of 30% in the computation of corporation tax based on its partnership involvement in a manufacturing firm. The court held that the company should be considered engaged in manufacturing business due to its partnership activities, affirming that each partner in a manufacturing firm is deemed to be engaged in the same business. The court referenced relevant legal principles and precedents to support its decision, ultimately granting the rebate and awarding costs to the assessee. en-us Fri, 05 May 1972 00:00:00 +0530 Wed, 03 Jun 2009 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8723 The court ruled in favor of the assessee-company, determining that it was entitled to a rebate of 30% in the computation of corporation tax based on its partnership involvement in a manufacturing firm. The court held that the company should be considered engaged in manufacturing business due to its partnership activities, affirming that each partner in a manufacturing firm is deemed to be engaged in the same business. The court referenced relevant legal principles and precedents to support its decision, ultimately granting the rebate and awarding costs to the assessee. Case-Laws Income Tax Fri, 05 May 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8723