https://www.taxtmi.com/caselaws?id=24554 The High Court of Bombay determined that Oricon Pvt. Ltd., engaged in construction work, did not qualify as an industrial company for tax assessment purposes. Despite processing goods during construction, the company's main business was construction, with manufacturing activities being ancillary. Previous cases and precedents were referenced, including decisions from other courts, to support the ruling against the company's classification as an industrial company. The court upheld its decision despite the Supreme Court granting leave to appeal a similar case from the Delhi High Court, ultimately ruling against the assessee-company and directing it to pay the costs of the reference. en-us Thu, 29 Sep 1988 00:00:00 +0530 Wed, 20 Jan 2010 18:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24554 The High Court of Bombay determined that Oricon Pvt. Ltd., engaged in construction work, did not qualify as an industrial company for tax assessment purposes. Despite processing goods during construction, the company's main business was construction, with manufacturing activities being ancillary. Previous cases and precedents were referenced, including decisions from other courts, to support the ruling against the company's classification as an industrial company. The court upheld its decision despite the Supreme Court granting leave to appeal a similar case from the Delhi High Court, ultimately ruling against the assessee-company and directing it to pay the costs of the reference. Case-Laws Income Tax Thu, 29 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24554