https://www.taxtmi.com/circulars?id=4506 The Explanation to section 2(7)(d) treats a company as an industrial company based on listed industrial activities-power generation or distribution, ship construction, manufacture or processing of goods, and mining-and by whether income from those activities constitutes a specified majority of total income; the Board clarified that classification operates either from a company's primary engagement in those activities or from a year in which a majority of its income is derived from them. en-us Sat, 17 Feb 1973 00:00:00 +0530 Wed, 30 Jul 2008 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4506 The Explanation to section 2(7)(d) treats a company as an industrial company based on listed industrial activities-power generation or distribution, ship construction, manufacture or processing of goods, and mining-and by whether income from those activities constitutes a specified majority of total income; the Board clarified that classification operates either from a company's primary engagement in those activities or from a year in which a majority of its income is derived from them. Circulars Income Tax Sat, 17 Feb 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4506