https://www.taxtmi.com/caselaws?id=16488 Whether a unit engaged in processing/manufacture of cashew kernels qualifies as an "industrial undertaking" for deductions under ss. 80HH and 80J of the IT Act was the dominant issue. The HC held that although the IT Act does not define "industrial undertaking," the definition in the WT Act, which includes manufacture or processing of goods, is apposite, and nothing in ss. 80HH or 80J indicates a narrower meaning. Further, the conditions in sub-s. (2) contemplate that a unit manufacturing/producing articles is an industrial undertaking without additional qualifications. The Tribunal's view allowing the deductions was upheld, and the reference was answered in favour of the assessee and against the Revenue. en-us Wed, 06 Aug 1997 00:00:00 +0530 Mon, 29 Dec 2025 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16488 Whether a unit engaged in processing/manufacture of cashew kernels qualifies as an "industrial undertaking" for deductions under ss. 80HH and 80J of the IT Act was the dominant issue. The HC held that although the IT Act does not define "industrial undertaking," the definition in the WT Act, which includes manufacture or processing of goods, is apposite, and nothing in ss. 80HH or 80J indicates a narrower meaning. Further, the conditions in sub-s. (2) contemplate that a unit manufacturing/producing articles is an industrial undertaking without additional qualifications. The Tribunal's view allowing the deductions was upheld, and the reference was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Wed, 06 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16488