https://www.taxtmi.com/caselaws?id=58927 The Tribunal held that terms 'article' or 'thing' in sections 80-HH, 80-I, and 80-J are not synonymous with 'goods' in the Finance Act. It ruled that an industrial undertaking solely engaged in building construction does not qualify for deduction under section 80-I. However, if the undertaking also produces movable articles used in construction, it is entitled to the deduction for profits from such activities. The case was partly allowed, and the Income-tax Officer was directed to reassess the deduction based on the Tribunal's findings regarding specific manufacturing activities related to building construction. en-us Mon, 30 Mar 1992 00:00:00 +0530 Sat, 22 Oct 2016 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58927 The Tribunal held that terms 'article' or 'thing' in sections 80-HH, 80-I, and 80-J are not synonymous with 'goods' in the Finance Act. It ruled that an industrial undertaking solely engaged in building construction does not qualify for deduction under section 80-I. However, if the undertaking also produces movable articles used in construction, it is entitled to the deduction for profits from such activities. The case was partly allowed, and the Income-tax Officer was directed to reassess the deduction based on the Tribunal's findings regarding specific manufacturing activities related to building construction. Case-Laws Income Tax Mon, 30 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58927