TaxTMI 
TaxTMI 
1965 (7) TMI 40
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.... tion 15C in regard to the profit earned by him in Pallavaram quarry. The actual process consisted of this, namely, rocks and boulders were cut into chips of various sizes with the use of machinery. The departmental autho- rities were of the view that this is not a case of an industrial undertaking because there was no manufacturing process involved. The Tribunal disagreed with the view and held t....
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....he required number of people in a manufacturing process carried on with the aid of power or without power. What is an industry ? Webster's New International Dictionary gives various meanings to the word, one of which is : "Systematic labour or habitual employment ; especially human exertion employed for the creation of value, regarded by some as a species capital or wealth ; labour. "Another meani....
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....uestion as not an industrial undertaking is that it did not involve a manufacturing process." Manufacture ", as we find from Webster's Dictionary, means : "Anything made from raw materials by the hand, by machinery, or by art, as clothes, iron utensils, shoes, machinery, etc. ; a manual occupation or trade ; to produce by labour especially now, according to an organised plan and with division of l....