https://www.taxtmi.com/caselaws?id=39051 Folding and stitching printed sheets into usable journal parts amounted to processing of goods, even though the assessee did not itself print the journal and the printing was done by another concern. The assessee's role was limited to receiving the printed sheets, arranging folding and stitching through labour contractors, then packing and despatching the completed journal to subscribers. On that basis, the activity fell within the statutory expression "manufacture or processing of goods", and the company was treated as an industrial company entitled to the concessional tax rate under the Finance Act, 1968. en-us Wed, 08 Dec 1976 00:00:00 +0530 Mon, 12 Apr 2010 12:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39051 Folding and stitching printed sheets into usable journal parts amounted to processing of goods, even though the assessee did not itself print the journal and the printing was done by another concern. The assessee's role was limited to receiving the printed sheets, arranging folding and stitching through labour contractors, then packing and despatching the completed journal to subscribers. On that basis, the activity fell within the statutory expression "manufacture or processing of goods", and the company was treated as an industrial company entitled to the concessional tax rate under the Finance Act, 1968. Case-Laws Income Tax Wed, 08 Dec 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39051