https://www.taxtmi.com/caselaws?id=19717 An assessee could still qualify as an industrial company where substantial cashew processing was carried out in outside factories, provided the work was done for and on behalf of the assessee and the processing charges were borne by it. The decisive test was whether the assessee was mainly engaged in processing goods for the statutory definition, and third-party processing did not by itself take the activity outside that scope. Following earlier reference decisions on the same issue, the Kerala HC found no reason to depart from that view and held that the assessee remained within the definition of industrial company under the Finance Act, with the corresponding benefit. en-us Tue, 04 Oct 1994 00:00:00 +0530 Mon, 09 Nov 2009 11:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19717 An assessee could still qualify as an industrial company where substantial cashew processing was carried out in outside factories, provided the work was done for and on behalf of the assessee and the processing charges were borne by it. The decisive test was whether the assessee was mainly engaged in processing goods for the statutory definition, and third-party processing did not by itself take the activity outside that scope. Following earlier reference decisions on the same issue, the Kerala HC found no reason to depart from that view and held that the assessee remained within the definition of industrial company under the Finance Act, with the corresponding benefit. Case-Laws Income Tax Tue, 04 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19717