https://www.taxtmi.com/caselaws?id=36560 The High Court of Bombay ruled against the assessee-company's classification as an 'industrial company' under the Finance Act, 1966. The Court emphasized the distinction between construction and manufacturing activities, noting that the company's primary business was construction, not manufacturing or processing of goods. It rejected the argument to consider income from manufacturing separately, as the goods produced were integral to the construction process. Ultimately, the Court held that the Tribunal erred in its classification, requiring the company to pay the costs of the reference. en-us Mon, 21 Apr 1980 00:00:00 +0530 Tue, 23 Mar 2010 11:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36560 The High Court of Bombay ruled against the assessee-company's classification as an 'industrial company' under the Finance Act, 1966. The Court emphasized the distinction between construction and manufacturing activities, noting that the company's primary business was construction, not manufacturing or processing of goods. It rejected the argument to consider income from manufacturing separately, as the goods produced were integral to the construction process. Ultimately, the Court held that the Tribunal erred in its classification, requiring the company to pay the costs of the reference. Case-Laws Income Tax Mon, 21 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36560