https://www.taxtmi.com/caselaws?id=39050 The court ruled in favor of the assessee-company, determining that their activities in running cold storages constitute "processing of goods" as defined under the Finance Acts. As a result, the company qualifies as an industrial company and is eligible for a concessional tax rate. The judgment favored the assessee, awarding costs and counsel fees. en-us Thu, 16 Sep 1976 00:00:00 +0530 Mon, 12 Apr 2010 12:10:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39050 The court ruled in favor of the assessee-company, determining that their activities in running cold storages constitute "processing of goods" as defined under the Finance Acts. As a result, the company qualifies as an industrial company and is eligible for a concessional tax rate. The judgment favored the assessee, awarding costs and counsel fees. Case-Laws Income Tax Thu, 16 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39050