https://www.taxtmi.com/caselaws?id=22424 HC upheld the Appellate Tribunal's finding that the assessee qualified as an "industrial company" for the relevant assessment year. Although the assessee had transferred its plant and machinery to an associated pharmaceutical concern and thereafter got its products manufactured through that concern, the HC held the assessee remained the real manufacturer because it retained control over the manufacturing process and caused the goods to be produced through another's agency. Direct engagement or payment of workers' wages was not essential to manufacturer status. Both reference questions were answered in the affirmative, in favour of the assessee, confirming concessional tax treatment. en-us Fri, 22 Feb 1991 00:00:00 +0530 Fri, 05 Dec 2025 23:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22424 HC upheld the Appellate Tribunal's finding that the assessee qualified as an "industrial company" for the relevant assessment year. Although the assessee had transferred its plant and machinery to an associated pharmaceutical concern and thereafter got its products manufactured through that concern, the HC held the assessee remained the real manufacturer because it retained control over the manufacturing process and caused the goods to be produced through another's agency. Direct engagement or payment of workers' wages was not essential to manufacturer status. Both reference questions were answered in the affirmative, in favour of the assessee, confirming concessional tax treatment. Case-Laws Income Tax Fri, 22 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22424