https://www.taxtmi.com/caselaws?id=10834 The court ruled in favor of the assessee, confirming its status as an 'industrial company' under the Finance Act, 1977. The Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal both found that the assessee's activities constituted manufacturing or processing of goods, leading to the classification as an industrial company. The Tribunal emphasized that the contracts involved processing goods rather than mere trading items, supporting the assessee's classification. As a result, the court upheld the assessee's status as an 'industrial company' under the relevant provisions of the Finance Act, 1977. 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 court ruled in favor of the assessee, confirming its status as an 'industrial company' under the Finance Act, 1977. The Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal both found that the assessee's activities constituted manufacturing or processing of goods, leading to the classification as an industrial company. The Tribunal emphasized that the contracts involved processing goods rather than mere trading items, supporting the assessee's classification. As a result, the court upheld the assessee's status as an 'industrial company' under the relevant provisions of the Finance Act, 1977. Case-Laws Income Tax Thu, 22 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10834