https://www.taxtmi.com/caselaws?id=21502 The court upheld the Tribunal's decision, ruling that the assessee fell under section 104(4)(a) of the Income-tax Act, 1961, and was not liable for additional income tax for assessment years 1971-72 and 1973-74. The judgment clarified that the Explanation did not limit the scope of section 104(4)(a) and applied to companies engaged solely in specified business activities. The court dismissed the Revenue's appeal and awarded costs to the assessee. en-us Tue, 10 Apr 1990 00:00:00 +0530 Wed, 25 Nov 2009 10:23:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21502 The court upheld the Tribunal's decision, ruling that the assessee fell under section 104(4)(a) of the Income-tax Act, 1961, and was not liable for additional income tax for assessment years 1971-72 and 1973-74. The judgment clarified that the Explanation did not limit the scope of section 104(4)(a) and applied to companies engaged solely in specified business activities. The court dismissed the Revenue's appeal and awarded costs to the assessee. Case-Laws Income Tax Tue, 10 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21502