https://www.taxtmi.com/caselaws?id=56569 The Tribunal allowed the appeal, directing the matter back to the ITO for reconsideration of the weighted deduction claim under section 35B. The Tribunal held that the activities of the assessee, involving converting plain cloth into printed and dyed products, constituted an 'Industrial Undertaking.' The previous decisions disallowing the claim were set aside, and the ITO was instructed to reassess the claim in accordance with the Tribunal's findings, ultimately resulting in a favorable outcome for the assessee in obtaining the claimed deduction. en-us Fri, 06 Aug 1982 00:00:00 +0530 Sat, 04 Dec 2010 15:49:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56569 The Tribunal allowed the appeal, directing the matter back to the ITO for reconsideration of the weighted deduction claim under section 35B. The Tribunal held that the activities of the assessee, involving converting plain cloth into printed and dyed products, constituted an 'Industrial Undertaking.' The previous decisions disallowing the claim were set aside, and the ITO was instructed to reassess the claim in accordance with the Tribunal's findings, ultimately resulting in a favorable outcome for the assessee in obtaining the claimed deduction. Case-Laws Income Tax Fri, 06 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56569