https://www.taxtmi.com/caselaws?id=8800 The Finance Act, 1968 definition of "industrial company" is to be understood in common parlance, not in a technical sense. Manufacture requires transformation into a commercially new and different article, while processing involves an operation that alters the form of goods. On that approach, food prepared in a hotel for customers is not ordinarily regarded as manufactured or processed goods. A hotel's essential character remains trading, and food preparation is only incidental to that activity. The activity therefore does not amount to manufacture or processing of goods, and a hotel does not qualify as an industrial company under section 2(6)(d). en-us Fri, 06 Oct 1972 00:00:00 +0530 Thu, 15 Jan 2026 14:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8800 The Finance Act, 1968 definition of "industrial company" is to be understood in common parlance, not in a technical sense. Manufacture requires transformation into a commercially new and different article, while processing involves an operation that alters the form of goods. On that approach, food prepared in a hotel for customers is not ordinarily regarded as manufactured or processed goods. A hotel's essential character remains trading, and food preparation is only incidental to that activity. The activity therefore does not amount to manufacture or processing of goods, and a hotel does not qualify as an industrial company under section 2(6)(d). Case-Laws Income Tax Fri, 06 Oct 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8800