1981 (7) TMI 98

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....wing question stated to be of law and arising out of the order dt. 14th Oct., 1980 of the Tribunal in ITA No. 1506 (Bom)/1979 to the Hon'ble High Court of Judicature at Bombay: "Whether, on the facts and interest he circumstances of the case, the activity of producing cinematographic films is an "Industrial Undertaking" for the purpose of relief under s. 80J of the IT Act?" In as much in our....

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....e Act. In that circular, it has been stated that the production of cinematographic films involved activities of manufacture or processing of films inasmuch as the films which becomes suitable for exhibition were entirely different from the raw unexposed films loaded into the camera in a studio. Hence, he directed that the assessee should be taken as an Industrial company for the purpose of s. 80J ....