Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
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Mere crushing and screening of iron ore, involving only size reduction and segregation, do not amount to manufacture of iron ore concentrate under Chapter Note 4 to Chapter 26 unless the process includes beneficiation or other special treatment removing foreign matter and enriching ferrous content. The Tribunal treated the issue as covered by its earlier decisions and held that, because no such special treatment was shown, no excisable concentrate emerged. The duty demand, with interest and penalty, was therefore set aside and the appeal allowed.
Mere crushing and screening of iron ore, involving only size reduction and segregation, do not amount to manufacture of iron ore concentrate under Chapter Note 4 to Chapter 26 unless the process includes beneficiation or other special treatment removing foreign matter and enriching ferrous content. The Tribunal treated the issue as covered by its earlier decisions and held that, because no such special treatment was shown, no excisable concentrate emerged. The duty demand, with interest and penalty, was therefore set aside and the appeal allowed.
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