https://www.taxtmi.com/caselaws?id=177409 Construction of buildings does not amount to manufacture or production of an article or thing for industrial-company status under the Income-tax Act. Applying the Supreme Court's ruling in N.C. Budhiraja & Co., the Delhi High Court noted that a construction company does not become an industrial company merely because it carries on building activity. The earlier view in Minocha Bros. was also noted as having been affirmed on a different ground. The assessee was therefore not entitled to concessional taxation as an industrial company. en-us Fri, 01 Jan 1999 00:00:00 +0530 Fri, 08 Jan 2016 16:20:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177409 Construction of buildings does not amount to manufacture or production of an article or thing for industrial-company status under the Income-tax Act. Applying the Supreme Court's ruling in N.C. Budhiraja & Co., the Delhi High Court noted that a construction company does not become an industrial company merely because it carries on building activity. The earlier view in Minocha Bros. was also noted as having been affirmed on a different ground. The assessee was therefore not entitled to concessional taxation as an industrial company. Case-Laws Income Tax Fri, 01 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177409