amounting to Rs.36,00,000/- was paid to M/s Sharp Industries
Ltd, and the recipient has offered this interest income in its
return
received from M/s. Balarpur Industries
Limited. The Assessing Officer held that in view of the sharp fall in the Gross
Profit coupled with ... claimed that noncompliance on the part of the M/s.Balarpur
Industries Limited was beyond the control of appellant and no adverse
2
Atlas Export
High Court in the case of CIT v/s
Ingersoll Rand International Industries Ltd., [2014J 48
taxmann.com 349 (Kar.), while deciding the issue relating ... Court in
case of Areva T&D India Ltd. (supra) and Sharp Business System vis
CIT, [2012J 211 taxmann 576 and the decision
Reliance Industries Ltd, Mumbai vs Ito (Tds) (Ltu), Mumbai on 8 March, 2017
THE INCOME
either conclusion with equal justification can be
reached. Insistence on any sharp or intrinsic
distinction between 'processing and
manufacture', results in an oversimplification ... depending upon the facts and
circumstances of the case. (See Empire
of
Industries Ltd. v. Union of India
where either conclusion with equal justification may be reached. Insistence on any sharp or intrinsic distinction between processing and manufacture, we are afraid, results ... such as the present one.
In State of Bihar Vs. Chrestien Mica Industries Ltd. (1956) 7 STC 626, the Patna High Court was to consider
that the Carbide Tip inserts are used for cutting purposes in the industries. After its use, it cannot be reused, and it loses its identity ... found that after the use, the Carbide Tip looses the sharpness in the cutting edge, thereby losing its utility, but not the identity
Member (Judicial)
M/s Purewal & Associates
M/s P.A.Time Industries-Unit-II
Appellants
Vs.
CCE, Chandigarh-I Respondent
Appearance
Shri. Joy Kumar ... similar issue came up before this Tribunal in the case of Sharp Menthol (India) Ltd. reported in 2015 (328) ELT 543 (Tri. Del.) wherein this
Ms. Eera Through Dr. Manjula ... vs State (Govt. Of Nct Of Delhi) on 21 July
Pitney Bowes India (P) Ltd., New Delhi vs Dcit, New Delhi on 29 May, 2017
