https://www.taxtmi.com/caselaws?id=150841 Materials used only for studio maintenance or for making film sets to be hired out were treated as adjuncts to the studio-hire activity or as additions to capital assets, so their purchase did not amount to carrying on the business of buying goods and did not make the assessee a dealer. By contrast, chemicals and other processing materials consumed in processing customers' films were indispensable business inputs, so their purchase did attract dealer status. The processing of raw film into processed film was also held to be manufacture because the statute treated processing as manufacture and the activity produced a commercially different commodity, even though the processed film belonged to the customer. en-us Sat, 18 Jan 1975 00:00:00 +0530 Thu, 23 May 2013 14:01:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150841 Materials used only for studio maintenance or for making film sets to be hired out were treated as adjuncts to the studio-hire activity or as additions to capital assets, so their purchase did not amount to carrying on the business of buying goods and did not make the assessee a dealer. By contrast, chemicals and other processing materials consumed in processing customers' films were indispensable business inputs, so their purchase did attract dealer status. The processing of raw film into processed film was also held to be manufacture because the statute treated processing as manufacture and the activity produced a commercially different commodity, even though the processed film belonged to the customer. Case-Laws VAT and Sales Tax Sat, 18 Jan 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150841