Section 15C of the Indian Income-tax Act, 1922 [corresponding to section 80J of the Income-tax Act, 1961] - Deductions - Profits & gains of newly established industrial undertakings - Whether assessee was entitled to deduction under section 15C on profits and gains derived from an industrial undertaking established in a building taken on lease which was used previously for other business - Held, yes

Bajaj Tempo Ltd [1992] 62 TAXMAN 480 (SC)