TMI Blog1980 (7) TMI 56X X X X Extracts X X X X X X X X Extracts X X X X ..... imited company and carries on business in the publication, purchase and sale of books. In the assessment year 1970-71, for which the accounting period was from May 1, 1968, to September 30, 1969, the assessee claimed that it was an industrial company within the meaning of s. 2(6)(c) of the Finance Act, 1970, and was, therefore, entitled to be assessed at a concessional rate in accordance with the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o a case of a publisher who was getting manuscripts for publication prepared by getting them printed and bound and sold in book form. No printing press was owned by the assessee but the printing and binding was done under the supervision of the assessee. It was held that the business of manufacture of books did not necessarily mean that the assessee had to own a printing press or be a book-binder ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... han getting the manuscript and preparing the same for printing and book binding, the fact that printing and book binding is done by someone else does not imply that someone else is the manufacturer. In fact, it is the business of the assessee to get the books, manufactured by getting the manuscript, designing the nature of the book, finishing the anticipated product and then actually selling the p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was engaged in the business of manufacturing or processing books. Therefore, the assessee is an industrial company. We would, therefore, answer the question as framed in the negative and in favour of the assessee and against the department. As the matter is covered by authority and has also been accepted by the department in other cases, we leave the parties to bear their own costs. - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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