https://www.taxtmi.com/caselaws?id=27316 The court ruled against the applicant, a private limited company, in a tax dispute regarding its classification as an industrial company under the Finance Act, 1975. The Tribunal held that the restaurant section did not qualify as a manufacturing or processing unit, as required by the Act. The court emphasized that for an operation to be considered manufacturing or processing, the commodity must undergo a substantial change. As the applicant failed to demonstrate that over 51% of its income was from manufacturing or processing activities, the claim was rejected, and the court sided with the Department. en-us Fri, 09 Dec 1983 00:00:00 +0530 Fri, 12 Feb 2010 11:11:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27316 The court ruled against the applicant, a private limited company, in a tax dispute regarding its classification as an industrial company under the Finance Act, 1975. The Tribunal held that the restaurant section did not qualify as a manufacturing or processing unit, as required by the Act. The court emphasized that for an operation to be considered manufacturing or processing, the commodity must undergo a substantial change. As the applicant failed to demonstrate that over 51% of its income was from manufacturing or processing activities, the claim was rejected, and the court sided with the Department. Case-Laws Income Tax Fri, 09 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27316