https://www.taxtmi.com/caselaws?id=26605 The court ruled against the assessee, a private limited company engaged in building construction, determining that its activities did not qualify as manufacturing or processing goods under the Finance Acts of 1971 and 1972. As the company's income did not meet the requirement of deriving at least 51% from manufacturing processes, it was not considered an "industrial company" eligible for concessional tax rates. The court sided with the Department, leaving each party to bear their own costs due to the complexity of the issue. en-us Fri, 09 Aug 1985 00:00:00 +0530 Sat, 06 Feb 2010 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26605 The court ruled against the assessee, a private limited company engaged in building construction, determining that its activities did not qualify as manufacturing or processing goods under the Finance Acts of 1971 and 1972. As the company's income did not meet the requirement of deriving at least 51% from manufacturing processes, it was not considered an "industrial company" eligible for concessional tax rates. The court sided with the Department, leaving each party to bear their own costs due to the complexity of the issue. Case-Laws Income Tax Fri, 09 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26605