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1 - 6 of 6 (0.20 seconds)Commissioner Of Income-Tax (Central) ... vs Buhari Sons Pvt. Ltd. on 27 April, 1983
6. As far as the decision of this Court in C.I.T. v. BUHARI
SONS PVT. LTD. (144 ITR 12), which has been relied upon by the assessing
officer to initiate rectification proceedings is concerned, the case dealt
with the definition, 'industrial company' within the meaning of section
2(7)(d) of the Finance Act, 1986. Though this Court has dealt with the case
of a hotel, this Court was not considering the question whether the said hotel
should be treated as a trading company or a non-trading company, and hence,
the decision of this Court in Buhari Sons Pvt. Ltd. case has no application
to the facts of the case. We have also gone through the Finance Act, 1986 and
in the classification of companies, 'trading company' finds a place and we do
not find any classification as an 'industrial company'. Therefore the
decision of this Court in Buhari Sons Pvt. Ltd. has no application.
Section 80B in The Income Tax Act, 1961 [Entire Act]
Section 154 in The Income Tax Act, 1961 [Entire Act]
The Advocates Act, 1961
The Finance Act, 1996
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