https://www.taxtmi.com/caselaws?id=19940 The High Court of Bombay ruled in favor of the assessee company, determining that it qualified as an industrial company under section 2(8)(c) of the Finance Act, 1975. The court held that the company, engaged in the manufacture or processing of goods using a leased plant, fell under the purview of section 104(4) of the Income-tax Act, 1961, exempting it from certain provisions. The court dismissed the Revenue's arguments against the company's classification as an industrial entity and affirmed that section 104(4) applied in this case. en-us Wed, 01 Sep 1993 00:00:00 +0530 Tue, 10 Nov 2009 17:06:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19940 The High Court of Bombay ruled in favor of the assessee company, determining that it qualified as an industrial company under section 2(8)(c) of the Finance Act, 1975. The court held that the company, engaged in the manufacture or processing of goods using a leased plant, fell under the purview of section 104(4) of the Income-tax Act, 1961, exempting it from certain provisions. The court dismissed the Revenue's arguments against the company's classification as an industrial entity and affirmed that section 104(4) applied in this case. Case-Laws Income Tax Wed, 01 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19940