TaxTMI Login
AI Drafter - (New and Powerful) ✕
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Just a moment...
AI Drafter - (New and Powerful) ✕ Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Press 'Enter' to add multiple search terms. Rules for Better Search
Use comma for multiple locations.
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
Issues: Whether drawing of wire from wire rod amounts to manufacture, and whether the assessee was entitled to waiver of pre-deposit and stay of recovery in view of the retrospective amendment.
Analysis: The activity in question was the drawing of wires from wire rods. The order noted that the Taxation Laws (Amendment) Act, 2006 was given retrospective effect for the relevant period and made clear that such activity amounts to manufacture. Since the period covered by the show cause notices fell within the retrospectively covered period, the order found a strong prima facie case in favour of the assessee.
Conclusion: The assessee was entitled to waiver of pre-deposit and stay of recovery.
TaxTMI 
