Manufacture and tax liability on wire from wire rods clarified under the Uttar Pradesh Trade Tax Act. Tax liability on wire manufactured from tax-paid wire rods under the then prevailing Uttar Pradesh Trade Tax Act, 1948 is addressed in the light of the Supreme Court's decision in Commissioner Trade Tax v. S.S. International Electrodes. The Supreme Court held that iron rods and iron wires are one and the same commodity, and that extraction of wire from iron rods does not amount to manufacture under the relevant tax context.
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Manufacture and tax liability on wire from wire rods clarified under the Uttar Pradesh Trade Tax Act.
Tax liability on wire manufactured from tax-paid wire rods under the then prevailing Uttar Pradesh Trade Tax Act, 1948 is addressed in the light of the Supreme Court's decision in Commissioner Trade Tax v. S.S. International Electrodes. The Supreme Court held that iron rods and iron wires are one and the same commodity, and that extraction of wire from iron rods does not amount to manufacture under the relevant tax context.
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