LAWS(GJH)-2012-3-533

GUJARAT ALKALIES & CHEMICALS LTD Vs. CIT

Decided On March 12, 2012
GUJARAT ALKALIES AND CHEMICALS LTD Appellant
V/S
CIT Respondents

JUDGEMENT

(1.) The Income Tax Appellate Tribunal, Ahmedabad Bench 'C' has referred the following question for the opinion of this Court under Section 256(1) of the Income Tax Act, 1961 (for short, 'the Act') :

(2.) Facts shortly stated are as under :-

(3.) The assessee carried the matter in appeal before the Tribunal and the Tribunal also confirmed the order of the Commissioner of Income Tax (Appeals). The Tribunal held that since it is expansion of the same manufacturing unit, the assessee will not be entitled to the benefits of Section 80-I of the Act. We may quote the relevant paragraphs of the Tribunal's order as under :-