https://www.taxtmi.com/caselaws?id=70774 The Tribunal dismissed the appeals by the assessee, upholding the levy of additional tax under section 104 for the assessment years 1981-82 and 1982-83. The Tribunal concluded that the assessee's activities did not qualify as "manufacture or processing of goods" and affirmed the applicability of the Supreme Court's decision in N.C. Budharaja & Co. to the assessee's case. The Tribunal also rejected the additional ground related to the smallness of profit, as it had not been raised in earlier proceedings. en-us Fri, 21 Mar 1997 00:00:00 +0530 Tue, 19 Apr 2011 11:44:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70774 The Tribunal dismissed the appeals by the assessee, upholding the levy of additional tax under section 104 for the assessment years 1981-82 and 1982-83. The Tribunal concluded that the assessee's activities did not qualify as "manufacture or processing of goods" and affirmed the applicability of the Supreme Court's decision in N.C. Budharaja & Co. to the assessee's case. The Tribunal also rejected the additional ground related to the smallness of profit, as it had not been raised in earlier proceedings. Case-Laws Income Tax Fri, 21 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70774