https://www.taxtmi.com/caselaws?id=27236 The Karnataka High Court upheld the Tribunal's decision, determining that the activities of the assessee, involving processing data to produce reports for customers, constituted processing of goods, if not manufacturing. The Court emphasized that any operation resulting in a change to a commodity falls under processing. The assessee was classified as an industrial company entitled to concessional tax rates under the Finance (No. 2) Act, 1977, based on the physical transformation of raw data into finished products. The Court ruled in favor of the assessee, rejecting the Revenue's appeal. en-us Mon, 20 Aug 1984 00:00:00 +0530 Thu, 11 Feb 2010 16:17:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27236 The Karnataka High Court upheld the Tribunal's decision, determining that the activities of the assessee, involving processing data to produce reports for customers, constituted processing of goods, if not manufacturing. The Court emphasized that any operation resulting in a change to a commodity falls under processing. The assessee was classified as an industrial company entitled to concessional tax rates under the Finance (No. 2) Act, 1977, based on the physical transformation of raw data into finished products. The Court ruled in favor of the assessee, rejecting the Revenue's appeal. Case-Laws Income Tax Mon, 20 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27236