held that the diamond cutting & polishing
amounts to processing of goods and not manufacturing of goods and
decision relied upon in the case ... claim of the assessee is that the
business of cutting and polishing of diamonds is manufacturing and production of
an article or thing as required
stone,
which is crucial because the market value of a
polished diamond increases if there are less
inclusions in the polished stone); Colour
(colourless being ... more expensive); Cut
(consistency of shape, proportions, symmetry
and polish); and Carat (weight).
4. It is the say of the plaintiffs that almost
all rough
sustaining disallowance of Rs.
9,95,122/- being 7.5% of the total Polishing charges of Rs.
1,32,68,297/- paid by the appellant during ... erred in law and on facts in restricting the
disallowance out of polishing charges to the extent of 7.5% of total
polishing charges despite assessee
sustaining disallowance of Rs.
9,95,122/- being 7.5% of the total Polishing charges of Rs.
1,32,68,297/- paid by the appellant during ... erred in law and on facts in restricting the
disallowance out of polishing charges to the extent of 7.5% of total
polishing charges despite assessee
importing &
exporting and locally purchasing roughed diamonds, getting them cut and
polished and finally export or locally selling the cut and polished
diamonds. During ... Sales of Rough diamonds 38,27,73
3. Purchase of polished diamonds 33,43,86,459
4. Sale of Polished diamonds
assessee
submitted that it has genuinely purchased cut & polished diamonds from
seven parties mentioned in the show case notice and the said material ... evidences on record
of assessee having dealt with cut & polished diamond . It was also submitted
by learned CIT DR that there is no evidence
Laxmi Venkateswara Polishing ... vs The State Of Andhra Pradesh, on 26 June, 2018
HON'BLE SRI JUSTICE S.V. BHATT
W.P. No.19497 ... action of respondent
authorities in threatening to demolish the structures of
polishing units belonging to the petitioners in Sy. No. 108
situated at Nagalooty village
stone,
which is crucial because the market value of a
polished diamond increases if there are less
inclusions in the polished stone); Colour
(colourless being ... more expensive); Cut
(consistency of shape, proportions, symmetry
and polish); and Carat (weight).
4. It is the say of the plaintiffs that almost
all rough
Jewellery Account. The respondent also sought permission for
export of cut and polished diamonds to roll over the old overdues instead
of gold jewellery ... petitioner that the Exim Bank adjusted those
export documents for cut and polished diamonds with outstanding dues
of 20 invoices of gold jewellery and created
done the carpentry
work along with one Hemanth and Rajesh, while the polishing work
was entrusted even in flat No.103. According ... accused
commenced polish work in flat No.103 also and on completion of the
wood work, P.W.6 is said to have gone
