https://www.taxtmi.com/caselaws?id=18500 Routine sorting, grading, clipping and stemming of chillies for export did not amount to processing of goods for industrial company status under section 2(6)(c) of the Finance (No. 2) Act, 1971. The Madras High Court held that the activities did not produce any legally relevant industrial transformation and distinguished the wider excise-law concept of manufacture. Applying its earlier view, the Court reaffirmed that a company must be mainly engaged in manufacture or processing in the statutory sense; on these facts, it was not an industrial company and the Tribunal's view was upheld against the assessee. en-us Tue, 04 Apr 1995 00:00:00 +0530 Thu, 01 Oct 2009 13:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18500 Routine sorting, grading, clipping and stemming of chillies for export did not amount to processing of goods for industrial company status under section 2(6)(c) of the Finance (No. 2) Act, 1971. The Madras High Court held that the activities did not produce any legally relevant industrial transformation and distinguished the wider excise-law concept of manufacture. Applying its earlier view, the Court reaffirmed that a company must be mainly engaged in manufacture or processing in the statutory sense; on these facts, it was not an industrial company and the Tribunal's view was upheld against the assessee. Case-Laws Income Tax Tue, 04 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18500