Lumax Industries Ltd., New Delhi vs Assessee on 17 July, 2012
infrastructure is meant for manufacturing
activities; that the assessee company has a turnover of about ` 508
crores from its manufacturing operations; that the Assessing Officer ... crores from ` 81.46 crores;
and that the loan refunds had decreased from ` 97.38 crores to ` 82.84
crores, establishing that no borrowed funds had been utilized