https://www.taxtmi.com/caselaws?id=17999 The Tribunal rejected the claim for deduction under section 35D for expenses incurred on increasing the fleet of trucks by a transport company, as 'industrial undertaking' and 'industrial unit' were not defined in the Income-tax Act. The court upheld the Tribunal's decision, emphasizing the Act's focus on production over distribution of goods. The assessee failed to establish eligibility for the deduction, as they did not meet the specified conditions in the Act. The court affirmed the Tribunal's decision, ruling against the assessee's claim for amortization under section 35D for the assessment years 1976-77 and 1977-78. en-us Thu, 07 Mar 1996 00:00:00 +0530 Sat, 26 Sep 2009 11:44:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17999 The Tribunal rejected the claim for deduction under section 35D for expenses incurred on increasing the fleet of trucks by a transport company, as 'industrial undertaking' and 'industrial unit' were not defined in the Income-tax Act. The court upheld the Tribunal's decision, emphasizing the Act's focus on production over distribution of goods. The assessee failed to establish eligibility for the deduction, as they did not meet the specified conditions in the Act. The court affirmed the Tribunal's decision, ruling against the assessee's claim for amortization under section 35D for the assessment years 1976-77 and 1977-78. Case-Laws Income Tax Thu, 07 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17999