Industrial company status for book publishers recognized, enabling concessional tax treatment despite outsourcing printing and binding. Book publishing companies whose activities include folding, stitching and converting printed sheets into books qualify as industrial companies because such activities constitute processing or manufacturing; a publisher need not own a press or perform binding personally, and outsourcing printing or binding does not preclude industrial company status for purposes of section 104 and concessional tax treatment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Industrial company status for book publishers recognized, enabling concessional tax treatment despite outsourcing printing and binding.
Book publishing companies whose activities include folding, stitching and converting printed sheets into books qualify as industrial companies because such activities constitute processing or manufacturing; a publisher need not own a press or perform binding personally, and outsourcing printing or binding does not preclude industrial company status for purposes of section 104 and concessional tax treatment.
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