https://www.taxtmi.com/caselaws?id=60365 An electrical contractor engaged in survey, planning, fabrication, assembling, testing, installation and commissioning was held not to qualify as an industrial company for concessional tax treatment because its work did not amount to manufacture or processing of goods under section 2(7)(c) of the Finance Act, 1979. The later, broader definition inserted by the Finance Act, 1983, which covered execution of projects and assembling or installation of machinery or plant, was held not to apply retrospectively. On the facts, the assessee failed to show that assembling and testing created a commercially new or different article, or that testing and commissioning constituted processing of goods, so the concessional rate was denied. en-us Mon, 26 Mar 1984 00:00:00 +0530 Tue, 04 Jan 2011 18:13:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60365 An electrical contractor engaged in survey, planning, fabrication, assembling, testing, installation and commissioning was held not to qualify as an industrial company for concessional tax treatment because its work did not amount to manufacture or processing of goods under section 2(7)(c) of the Finance Act, 1979. The later, broader definition inserted by the Finance Act, 1983, which covered execution of projects and assembling or installation of machinery or plant, was held not to apply retrospectively. On the facts, the assessee failed to show that assembling and testing created a commercially new or different article, or that testing and commissioning constituted processing of goods, so the concessional rate was denied. Case-Laws Income Tax Mon, 26 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60365