https://www.taxtmi.com/caselaws?id=18764 Construction of buildings was treated as outside the expression "manufacture or processing of goods" for section 104(4)(a) of the Income-tax Act, 1961. The Bombay High Court noted that the phrase bears the same meaning as in the earlier industrial company context, and that construction or repair work, even with incidental fabrication of components, does not amount to manufacture or processing unless a new and independent product comes into existence. On that basis, a building-construction business was not considered one carried on mainly in manufacture or processing of goods, and section 104(4)(a) was not attracted. en-us Thu, 17 Jun 1993 00:00:00 +0530 Sat, 31 Oct 2009 18:19:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18764 Construction of buildings was treated as outside the expression "manufacture or processing of goods" for section 104(4)(a) of the Income-tax Act, 1961. The Bombay High Court noted that the phrase bears the same meaning as in the earlier industrial company context, and that construction or repair work, even with incidental fabrication of components, does not amount to manufacture or processing unless a new and independent product comes into existence. On that basis, a building-construction business was not considered one carried on mainly in manufacture or processing of goods, and section 104(4)(a) was not attracted. Case-Laws Income Tax Thu, 17 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18764