https://www.taxtmi.com/caselaws?id=10834 The Delhi HC considered whether the assessee qualified as an industrial company under clause 8(c) of Chapter 2 of the Finance Act, 1977. On the facts, the assessee's contracts involved supervision and commissioning of heaters, erection of gas generation plants and furnaces, manufacture of equipment for those purposes, and supply of technical know-how. The appellate authorities found that these activities substantially involved manufacture and/or processing of goods, producing commercially different articles, and were not mere trading operations. The assessee was therefore held to be an industrial company, and the issue was answered in its favour and against the Revenue. en-us Thu, 22 Jul 2004 00:00:00 +0530 Sat, 25 Jul 2009 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10834 The Delhi HC considered whether the assessee qualified as an industrial company under clause 8(c) of Chapter 2 of the Finance Act, 1977. On the facts, the assessee's contracts involved supervision and commissioning of heaters, erection of gas generation plants and furnaces, manufacture of equipment for those purposes, and supply of technical know-how. The appellate authorities found that these activities substantially involved manufacture and/or processing of goods, producing commercially different articles, and were not mere trading operations. The assessee was therefore held to be an industrial company, and the issue was answered in its favour and against the Revenue. Case-Laws Income Tax Thu, 22 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10834