DELHI COLD STORAGE PRIVATE LTD. vs COMMISSIONER OF INCOME TAX, NEW DELHI

The Supreme Court examined whether a cold storage company qualifies as an 'industrial company' under Section 2(7)(c) of the Finance Act, 1973, which entitles it to certain tax concessions. The Court held that the activities of cold storage do not constitute 'processing of goods' as defined in the Act, thereby affirming the High Court's decision that the appellant is not entitled to the benefits of an industrial company. The appeal was dismissed, upholding the Tribunal's ruling against the appellant's claim.