1998 (1) TMI 13

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....question has been referred for the opinion of the High Court at the instance of the Revenue, referable to the assessment year 1979-80 : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the assessee be declared an industrial company within the meaning of section 2(7)(c) of the Finance Act, 1979, and thus the concessional rate of tax should have ....

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....Budharaj a and Co. [1993] 204 ITR 412 and Builders Associations of India v. Union of [1994] 209 ITR 877 and a decision by the Delhi High Court in CIT v. Minocha Brothers P. Ltd. [1986] 160 ITR 134. The decision of the Delhi High Court in CIT v. Minocha Brothers P. Ltd. [1986] 160 ITR 134 has been upheld by the Supreme Court in Minocha Bros. P. Ltd. v. CIT [1993] 204 ITR 628, though on different gr....