https://www.taxtmi.com/caselaws?id=61321 The Tribunal allowed the assessee's claim for exemption under s. 5(i)(xxa) of the WT Act concerning shareholdings in M/s Doyen Gases (P) Ltd. The Tribunal determined that the gases manufactured by the company fell under the category of heavy chemicals based on technical definitions and sources. Rejecting the Departmental Representative's arguments, the Tribunal held that the assessee was entitled to the exemption, emphasizing the unambiguous nature of the company's production as heavy chemicals. Consequently, the appeals were allowed in favor of the assessee. en-us Mon, 28 Jan 1985 00:00:00 +0530 Wed, 12 Jan 2011 12:04:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61321 The Tribunal allowed the assessee's claim for exemption under s. 5(i)(xxa) of the WT Act concerning shareholdings in M/s Doyen Gases (P) Ltd. The Tribunal determined that the gases manufactured by the company fell under the category of heavy chemicals based on technical definitions and sources. Rejecting the Departmental Representative's arguments, the Tribunal held that the assessee was entitled to the exemption, emphasizing the unambiguous nature of the company's production as heavy chemicals. Consequently, the appeals were allowed in favor of the assessee. Case-Laws Wealth-tax Mon, 28 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61321