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<h1>'Industrial Undertaking' in Income Tax Act 1961: Key Activities and Section 10(15) & 72A(7)(aa) Explained</h1> 'Industrial Undertaking' under the Income Tax Act 1961 encompasses various activities. For sub-clause (15) of section 10, it includes manufacturing or processing goods, software production, electricity or power generation, telecommunication services, mining, ship construction or operation, ship-breaking, and operation of ships, aircraft, or rail systems. For section 72A(7)(aa), it similarly covers goods manufacturing, software production, electricity or power generation, telecommunication services, mining, and construction of ships, aircraft, or rail systems. These definitions guide the application of tax regulations to entities engaged in these specified activities.