https://www.taxtmi.com/caselaws?id=5238 Industrial-company status for an assessee supplying cool, filtered and chilled air through air-conditioning equipment depended on the character of its activity under the relevant Finance Acts. The Tribunal had treated the activity as manufacture or processing of goods and granted the lower tax rate, but the Supreme Court agreed that the real question was whether the factual nature of the activity satisfied the statutory description. The issue was therefore one of fact rather than a pure question of law, so no reference was warranted and the appeals were dismissed. en-us Thu, 03 Sep 1987 00:00:00 +0530 Fri, 31 Aug 2018 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5238 Industrial-company status for an assessee supplying cool, filtered and chilled air through air-conditioning equipment depended on the character of its activity under the relevant Finance Acts. The Tribunal had treated the activity as manufacture or processing of goods and granted the lower tax rate, but the Supreme Court agreed that the real question was whether the factual nature of the activity satisfied the statutory description. The issue was therefore one of fact rather than a pure question of law, so no reference was warranted and the appeals were dismissed. Case-Laws Income Tax Thu, 03 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5238