https://www.taxtmi.com/caselaws?id=26188 The judgment addressed whether the assessee qualified as an industrial company under the Finance Act, 1974, based on their activity of pulverising bentonite. The Tribunal ruled in favor of the assessee, determining that their process constituted an industry involving systematic treatment of raw mineral lumps to manufacture powder. Judge B. S. Kapadia delivered the decision, affirming the assessee's entitlement to the concessional tax rate as an industrial company. The reference was disposed of without costs awarded. en-us Mon, 21 Oct 1985 00:00:00 +0530 Wed, 03 Feb 2010 13:23:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26188 The judgment addressed whether the assessee qualified as an industrial company under the Finance Act, 1974, based on their activity of pulverising bentonite. The Tribunal ruled in favor of the assessee, determining that their process constituted an industry involving systematic treatment of raw mineral lumps to manufacture powder. Judge B. S. Kapadia delivered the decision, affirming the assessee's entitlement to the concessional tax rate as an industrial company. The reference was disposed of without costs awarded. Case-Laws Income Tax Mon, 21 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26188