1978 (12) TMI 84

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....ai, carrying on the business of supplying gas cylinders for domestic consumption. For the assessment year under appeal, she claimed exemption in respect of her share under s. 5(1)(xxxii) of the WT Act. The WTO disallowed the claim on the ground that the business of the firm was not that of an industrial undertaking engaged in the business of generation or distribution of electricity or any other f....

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....on there should be assets used for distribution. In the present case there is no expenses incurred in connection with the asset. As the assessee is a distributor for Indian Oil Corporation Ltd., the requisition of s. 5(I)(xxxii) are not satisfied. 4. That the exemption is available if the firm is an industrial undertaking engaged in the business of generation or distribution of electricity or a....