2001 (8) TMI 37

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....AT C.J. -At the instance of the Revenue, the following question has been referred for the opinion of this court under section 256(1) of the Income-tax Act, 1961 (in short "the Act"), by the Income-tax Appellate Tribunal, Delhi Bench "A", New Delhi (in short "the Tribunal"): "Whether, on the facts and in the circumstances of the case, the assessee is entitled to- (i) investment allowance unde....

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....dertaking. It also claimed deduction under section 80J on the basis that it was an industrial undertaking and that the profits and gains derived from the activity of building construction were profits derived from the industrial undertaking. The Income-tax Officer held that the assessee was not an industrial undertaking and, therefore, the claim for investment allowance and benefit under section 8....