https://www.taxtmi.com/caselaws?id=181992 The High Court held that printing manufacturers' names on pharmaceutical capsules did not constitute processing of goods under the definition of an industrial company as per the Finance Act, 1976. The Court emphasized that for an activity to qualify as processing of goods, there must be a tangible alteration in the nature or character of the goods. Applying the doctrine of noscitur a sociis, the Court concluded that the printing activity did not result in such a change. Therefore, the Court ruled in favor of the Revenue, answering the question in the negative and disposing of the reference without costs. en-us Tue, 11 Nov 1997 00:00:00 +0530 Fri, 29 Apr 2016 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181992 The High Court held that printing manufacturers' names on pharmaceutical capsules did not constitute processing of goods under the definition of an industrial company as per the Finance Act, 1976. The Court emphasized that for an activity to qualify as processing of goods, there must be a tangible alteration in the nature or character of the goods. Applying the doctrine of noscitur a sociis, the Court concluded that the printing activity did not result in such a change. Therefore, the Court ruled in favor of the Revenue, answering the question in the negative and disposing of the reference without costs. Case-Laws Income Tax Tue, 11 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181992