https://www.taxtmi.com/caselaws?id=14641 The court ruled against the assessee-company, determining that their civil contracting activities for building construction did not qualify as an 'industrial undertaking' under the Finance Act, 1973. The court clarified that construction activities, even if involving processing of goods, do not amount to manufacturing or production of articles. The decision emphasized the need for processed goods to retain their original identity to qualify as processing, ultimately leading to a ruling in favor of the Commissioner and against the assessee-respondent. en-us Thu, 23 Sep 1999 00:00:00 +0530 Fri, 17 Jul 2009 16:52:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14641 The court ruled against the assessee-company, determining that their civil contracting activities for building construction did not qualify as an 'industrial undertaking' under the Finance Act, 1973. The court clarified that construction activities, even if involving processing of goods, do not amount to manufacturing or production of articles. The decision emphasized the need for processed goods to retain their original identity to qualify as processing, ultimately leading to a ruling in favor of the Commissioner and against the assessee-respondent. Case-Laws Income Tax Thu, 23 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14641