rejected on the
following ground: -
i. The unit from which iron ore has been
processing/produced has not been conferred with
EOU status ... Ranjitpura more than 15 years
back and the assessee was processing the iron ore in that
2015
the details of the processed iron ore and the
destination is the ports from where the iron ore is
exported.
iv. Mrs. Snehalatha Singi ... processing the raw ore into fines and lumps. From
the seized material it is found that Mrs.Snehalatha
Singi was crushing and processing the iron
purchase of
iron ore in its prime condition, conversion of the same into seized
ore, calibrated ore and iron ore fines by usage ... change in chemical and physical composition of the
iron ore. The iron ore purchased by the assessee is basic and very
rudimentary element. In order
fines, handover to the mine owners who in turn
supplied processed iron ore to Bharat Mines and Minerals.
iii. The mine owners are just leaseholders ... though
ore raising and processing contract is in the name of Mrs
Snehalatha Singhi. Mine owners sell the processed iron ore
only to BMM. During
fines, handover to the mine owners who in
turn supplied processed iron ore to Bharat Mines and
Minerals.
iii. The mine owners are just leaseholders ... though ore raising and processing contract is in the name
of Mrs Snehalatha Singhi. Mine owners sell the processed
iron ore only to BMM. During
case (supra), the Supreme Court held that processing
of iron ore amounts to manufacture or production of any article or
thing. In N.C. Budharaja ... companies is an
intermediary from which tyre is manufactured. If processing of iron
ore which is only raw material for producing iron therefrom, amounts
Bmm Ispat Limited, Hospet vs Dcit, Bangalore on 10 April, 2018
IN THE INCOME TAX
वष /Assessment Year: 2009-10
DCIT-4(3)(1) M/s. Taurian Iron & Steel Co.Pvt.Ltd.
th
6 Floor, Room No.649 302A ... processing of Iron ore, mining activity of iron ore contract basis at
Jharkhand and generation of wind power. It also sells processed iron ore both
sponge iron is that the
appellant procures iron ore as the input for manufacturing
sponge iron. The said iron ore lumps of different sizes ... process of crushing and
screening of iron ores. The iron ore fines emerging during the
said process being cleared by the respondent cannot be held
Public Sector Undertaking engaged in the
manufacture of sponge iron from iron ore. During the process of
manufacture, iron ore fines gets generated which ... that iron ore
fines which are produced during the process of manufacture of sponge iron
ore are not a manufactured product at all and therefore
