TaxTMI 
TaxTMI 
2004 (12) TMI 696
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....ection 256(2) of the Income-tax Act, 1961 (hereinafter referred to as the Act) for opinion to this Court : "Whether, on the facts and in the circumstances of the case, the assessee's case fell under the definition of 'Small Scale Industrial Unit" as mentioned in the Explanation to section 35B(1A) of the Income-tax Act, 1961?" 2. The assessment year involved is 1979-80. The assesse....
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....ess was to get the exportable items ready through the agency of others and then to export them. The Tribunal found that the assessee purchased raw material in moulded forms described as "Kora Mal", i.e., prepared matter in a raw and unfinished condition but not the final product. The "Kora Mal" was soldered in the assessee's factory and engraved and polished there. The assessee....
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....nery. It granted the relief on the basis of its order passed in the case of Talwar & Khullar (P.) Ltd. [IT Appeal Nos. 2400 and 2401 (Delhi) of 1981, dated 9-11-1982]. A copy of the said judgment has been filed as Annexure D. A perusal of the said order of the Tribunal shows that in that case, the Tribunal was considering the deduction under sections 80J and 80HH of the Act with reference to an &q....