https://www.taxtmi.com/caselaws?id=38239 The High Court held that the assessee, a public limited company, was entitled to relief under Section 84 of the Income-tax Act for the assessment years 1966-67 and 1967-68, as the conditions were met during the relevant period. The court emphasized the legislative intent behind Section 84 to provide a "tax holiday" to newly established industrial undertakings. The court also affirmed the Tribunal's decision to remit the matter back to the Income-tax Officer for recomputation of the relief, directing the revenue to pay the costs to the assessee. en-us Thu, 21 Jul 1977 00:00:00 +0530 Mon, 05 Apr 2010 11:24:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38239 The High Court held that the assessee, a public limited company, was entitled to relief under Section 84 of the Income-tax Act for the assessment years 1966-67 and 1967-68, as the conditions were met during the relevant period. The court emphasized the legislative intent behind Section 84 to provide a "tax holiday" to newly established industrial undertakings. The court also affirmed the Tribunal's decision to remit the matter back to the Income-tax Officer for recomputation of the relief, directing the revenue to pay the costs to the assessee. Case-Laws Income Tax Thu, 21 Jul 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38239