https://www.taxtmi.com/caselaws?id=21289 The court determined that the assessee qualified as an 'industrial company' under the Finance (No. 2) Act, 1977, based on its activities of reshaping and polishing moulds for resale, which were considered as 'processing of goods.' As a result, the assessee was entitled to a lower tax rate of 55% instead of the initial 65%. The court affirmed the Tribunal's decision, ruling in favor of the assessee without cost implications. en-us Wed, 11 Nov 1992 00:00:00 +0530 Sat, 21 Nov 2009 12:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21289 The court determined that the assessee qualified as an 'industrial company' under the Finance (No. 2) Act, 1977, based on its activities of reshaping and polishing moulds for resale, which were considered as 'processing of goods.' As a result, the assessee was entitled to a lower tax rate of 55% instead of the initial 65%. The court affirmed the Tribunal's decision, ruling in favor of the assessee without cost implications. Case-Laws Income Tax Wed, 11 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21289