https://www.taxtmi.com/caselaws?id=11186 The High Court ruled in favor of the assessee on both issues. It allowed the deduction of the overriding charge as a diversion of income and upheld the classification of the assessee as an 'industrial company' under the Finance Act, 1979. The judgment provided a detailed analysis of legal principles and precedents to support its conclusions, ensuring a thorough examination of the issues at hand. en-us Thu, 18 Sep 2003 00:00:00 +0530 Sat, 01 Aug 2009 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11186 The High Court ruled in favor of the assessee on both issues. It allowed the deduction of the overriding charge as a diversion of income and upheld the classification of the assessee as an 'industrial company' under the Finance Act, 1979. The judgment provided a detailed analysis of legal principles and precedents to support its conclusions, ensuring a thorough examination of the issues at hand. Case-Laws Income Tax Thu, 18 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11186