1999 (3) TMI 20 - SC - Income Tax

Production of design and art works which serve as the basic material for publication of advertisements in newspapers periodicals technical journals souvenirs etc. - Preparation of designs for fabrication and erection of hoardings for outdoor publicity - Production of publicity texts including for the press direct mail product literature etc. - tribunal is right in holding that the assessee is an industrial company entitled for concessional rate of tax

Summary

The Supreme Court dismissed the appeal regarding the eligibility of an assessee as an industrial company for concessional tax rate. The Tribunal's decision was upheld based on the listed activities of the assessee involving processing. No referable question of law arose.