1976 (12) TMI 17

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.... CHINNAPPA REDDY J.-The assessee is a company carrying on business in the manufacture and sale of insulated copper and aluminium wire, known as " winding wire ". The company claims certain benefits on the basis that it is engaged in a priority industry within the meaning of sections 33(1)(iii)(c)(A) and 80E read with item No. 7 of the 5th Schedule to the Income-tax Act, 1961. Item No. 7 of the 5th....

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.... assessee were used by manufacturers of fans and other electrical gadgets as raw material for their finished products, he held that the assessee's industry was not entitled to be treated as a "priority industry". The appeals preferred by the assessee to the Appellate Assistant Commissioner were rejected. The further appeals preferred by the assessee to the Income-tax Appellate Tribunal were, howev....