Covered By Judgment Of This Court In Itr v. M/S Bhagyoday Investment (P) Limited,Ludhiana, Dated 7.8.2009

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH ITR 118 of 1999 (O&M) The Commissioner of Income Tax (Central), LudhianavsM/s Bahadur Chand Investment (P) Ltd. Ludhiana .... Applicant ...Respondent Coram: Hon'ble Mr. Justice Adarsh Kumar GoelHon'ble Mr. Justice Rajesh Bindal Present: Mr. Rajesh Katoch, Advocate, for the revenue. Mr. Akshay Bhan, Advocate, for the assessee. Adarsh Kumar Goel,J. The Income Tax Appellate Tribunal, Chandigarh Bench, Chandigarh,has referred the following question of law for opinion of this court arising out ofits order dated 22.1.1996 in I.T.A. No. 1911/Chandi/91 for the assessment year1988-89:- “Whether, on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal wasright in law in holding that the assessee be treated asan Industrial Company and that tax be charged at the lower rate application to an industrial company?” Learned counsel for the parties fairly submit that the matter is covered by judgment of this court in ITR No. 187 of 1996The Commissioner ofIncome Tax (Central), Ludhiana vs M/s Bhagyoday Investment (P) Limited,Ludhiana, dated 7.8.2009. In view of the above, the question referred is answered in favour ofthe revenue and against the assessee. The reference is disposed of. (Adarsh Kumar Goel)Judge 21.12.2010 vs (Rajesh Bindal) Judge