ITR Nos.386 to 388 of 1995 1 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH ITR Nos 386 to 388 of 1995 Date of decision:1,11,2006 The Commissioner of Income tax, Patiala ....Petitioner versus M/s. Punjab Wireless System Limited, Mohali. ....Respondent CORAM: HON'BLE MR. JUSTICE ADARSH KUMAR GOEL HON'BLE MR. JUSTICE RAJESH BINDAL Present: Mr. SK Garg, Advocate, for the revenue. JUDGMENT: Following questions have been referred for the opinion of this Court by the Income Tax Appellate Tribunal, Chandigarh Bench, Chandigarh arising out of its order dated 7.2.1994 in ITA Nos.366,367 and 455/Chandi/89, in respect of assessment years 1980-81, 1982-83 and 1986- 87:- “1. Whether on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that manufacturing of wireless sets does not fall in Item No.22 (read with its Explanation) of the eleventh Schedule of the Income tax Act, 1961? 2. Whether on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in allowing investment allowance under section 32-A of the Income tax Act, 1961 to the assessee company engaged in the manufacturing of wireless sets?” In view of our judgment rendered today in ITR No.244 of 1995, (The Commissioner of Income Tax, Patiala v. M/s. Punjab Wireless ITR Nos.386 to 388 of 1995 2 system Limited, Mohali), the questions referred are answered against the revenue and in favour of the assessee. Reference is disposed of accordingly. (Adarsh Kumar Goel) Judge November 1, 2006 (Rajesh Bindal) 'gs' Judge