partnership firm and is into the business of
extraction of iron ore processing and iron ore trading . For year
under consideration assessee filed its return
goods that but for that process processing of goods would be
impossible or commercially inexpedient, that process is one in relation to the manufacture ... issue in that case was whether the
extraction and processing of iron ore amounted to manufacture or not in view of the various
processes involved
parties. The
learned Authorised Representative submitted that extraction and
processing of iron ore amounting to production prior to A.Y. 2005-06,
the deduction under
partnership firm carrying on the business of Mining &
Processing of iron ore and sale and export (ITA No.5020 of 2009).
1. Whether
Supreme Court, which took
control of mining, processing, production and sale of iron ore.
The CEC sold the iron ore through e-Auction and retained
Debtor') of facilitating the
transactions of import and export of iron ore, coke, coal, etc. Before
the Adjudicating Authority, the Appellant - 'MSTC Limited ... MSTC Limited' made available iron ore, coke etc., which are the
key inputs in the production process of steel industry ('Corporate
Debtor
Seller that the goods (Iron Ore) are to be utilized for the purpose of
manufacturing, processing or producing articles of things or for the purpose ... sale of iron ore w.e.f. 1.7.2012 from the Buyers who are not using
the goods for the purpose of manufacturing, processing or producing
partnership firm engaged in the business
of extraction, processing and manufacturing of iron ore for sale.
The assessee owns mining lease No. 2339/2151 measuring
source (TCS) from the buyers,
the buyers of iron ore having already filed their Income tax returns
for the Assessment Year 2013-14 (relating ... Seller that the goods (Iron Ore) are to be utilized for the purpose of
manufacturing, processing or producing articles of things or for the purpose
activity. It is common to use the
expression that the coal or ore is produced from the
mine and the statistics of total production ... iron ore
14
would amount to 'production'. However, the Supreme Court had not
addressed the question as to whether extraction of iron ore
