https://www.taxtmi.com/caselaws?id=57479 The Tribunal determined that the assessee qualifies as an industrial company primarily engaged in manufacturing activities. Income from lease rent and interest, considered side incomes, did not change the primary engagement in manufacturing. The Tribunal relied on the CBDT circular and case law to support this finding, overturning the CIT's orders under section 263 and allowing the assessee's appeals. en-us Thu, 03 Mar 1994 00:00:00 +0530 Fri, 10 Dec 2010 13:28:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57479 The Tribunal determined that the assessee qualifies as an industrial company primarily engaged in manufacturing activities. Income from lease rent and interest, considered side incomes, did not change the primary engagement in manufacturing. The Tribunal relied on the CBDT circular and case law to support this finding, overturning the CIT's orders under section 263 and allowing the assessee's appeals. Case-Laws Income Tax Thu, 03 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57479