COMMISSIONER OF INCOME TAX, AMRITSAR vs STRAW BOARD MANUFACTURING CO. LTD.

The Supreme Court ruled that the manufacture of strawboard falls within the definition of 'paper' under the Income Tax Act, 1961, specifically referencing Section 80-E and Section 33. The Court established that the strawboard industry is part of the paper and pulp industry, thereby entitling the assessee to the claimed tax rebates. The judgment upheld the Appellate Tribunal's decision in favor of the assessee, confirming their eligibility for concessional tax rates and development rebates.