https://www.taxtmi.com/caselaws?id=19822 A company may qualify as engaged in manufacture for the Finance Act, 1974 even where production is carried out by another entity, provided the company exercises direct supervision and control over the process. The article notes that ownership of the factory, plant or machinery is not decisive where the manufacturing activity is effectively undertaken on the company's behalf, with rights to inspect, supply moulds and equipment, and take over work-in-progress. It also states that the Finance Act definition should not be restricted by importing requirements from the Industries (Development and Regulation) Act, 1951, and that absence of an industrial licence under that Act does not by itself defeat industrial company status. en-us Thu, 02 Dec 1993 00:00:00 +0530 Mon, 09 Nov 2009 18:40:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19822 A company may qualify as engaged in manufacture for the Finance Act, 1974 even where production is carried out by another entity, provided the company exercises direct supervision and control over the process. The article notes that ownership of the factory, plant or machinery is not decisive where the manufacturing activity is effectively undertaken on the company's behalf, with rights to inspect, supply moulds and equipment, and take over work-in-progress. It also states that the Finance Act definition should not be restricted by importing requirements from the Industries (Development and Regulation) Act, 1951, and that absence of an industrial licence under that Act does not by itself defeat industrial company status. Case-Laws Income Tax Thu, 02 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19822