https://www.taxtmi.com/caselaws?id=56277 The Tribunal allowed the appeals, determining that the company's activities qualified as processing of goods, making it eligible for tax relief as an industrial company under the Income Tax Act. The Commissioner's decision to cancel the Income Tax Officer's order and impose a higher tax rate was overturned. The Tribunal emphasized that even minor physical changes in goods could constitute processing, citing relevant legal precedents. The company successfully demonstrated its eligibility for tax relief under the specified provisions of the Act. en-us Mon, 14 Sep 1981 00:00:00 +0530 Thu, 02 Dec 2010 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56277 The Tribunal allowed the appeals, determining that the company's activities qualified as processing of goods, making it eligible for tax relief as an industrial company under the Income Tax Act. The Commissioner's decision to cancel the Income Tax Officer's order and impose a higher tax rate was overturned. The Tribunal emphasized that even minor physical changes in goods could constitute processing, citing relevant legal precedents. The company successfully demonstrated its eligibility for tax relief under the specified provisions of the Act. Case-Laws Income Tax Mon, 14 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56277