https://www.taxtmi.com/caselaws?id=19822 Manufacture for Finance Act purposes includes goods produced by another entity for a company under its direct supervision and control. A company may qualify as an industrial company even without owning the factory, plant or machinery, where it can supervise production, inspect processes, supply moulds or equipment, and take over work-in-progress. The industrial-company definition under the Finance Act, 1974 is applied independently and is not narrowed by requirements under the Industries (Development and Regulation) Act, 1951, including the absence of an industrial licence. Such manufacturing activity supports concessional tax treatment. 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 Manufacture for Finance Act purposes includes goods produced by another entity for a company under its direct supervision and control. A company may qualify as an industrial company even without owning the factory, plant or machinery, where it can supervise production, inspect processes, supply moulds or equipment, and take over work-in-progress. The industrial-company definition under the Finance Act, 1974 is applied independently and is not narrowed by requirements under the Industries (Development and Regulation) Act, 1951, including the absence of an industrial licence. Such manufacturing activity supports concessional tax treatment. Case-Laws Income Tax Thu, 02 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19822