https://www.taxtmi.com/caselaws?id=208184 The court ruled in favor of the Revenue, determining that the assessee did not meet the criteria to be classified as an industrial company for tax purposes. The judgment emphasized the necessity of direct involvement in specific industrial activities as outlined in the statutory definition of an "industrial company" under the Finance Act. Consequently, the higher tax rate was affirmed for the assessee, and the reference was disposed of accordingly. en-us Fri, 07 Aug 2009 00:00:00 +0530 Tue, 18 Dec 2012 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208184 The court ruled in favor of the Revenue, determining that the assessee did not meet the criteria to be classified as an industrial company for tax purposes. The judgment emphasized the necessity of direct involvement in specific industrial activities as outlined in the statutory definition of an "industrial company" under the Finance Act. Consequently, the higher tax rate was affirmed for the assessee, and the reference was disposed of accordingly. Case-Laws Income Tax Fri, 07 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208184