https://www.taxtmi.com/caselaws?id=158640 Interest was held not chargeable on additional tax arising only on final determination where the pre-amendment version of section 11B did not authorise interest on a revised liability based on a provisional return, and the assessee succeeded on that point. High speed diesel used to generate electricity was treated as raw material for manufacture because electricity was regarded as goods, generation of electricity amounted to manufacture, and the statutory definition of raw material included fuel used in the manufacturing process, so concessional tax under section 5C applied. The reference was answered in favour of the assessee on both issues. en-us Fri, 28 Mar 1997 00:00:00 +0530 Sat, 02 Nov 2013 13:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158640 Interest was held not chargeable on additional tax arising only on final determination where the pre-amendment version of section 11B did not authorise interest on a revised liability based on a provisional return, and the assessee succeeded on that point. High speed diesel used to generate electricity was treated as raw material for manufacture because electricity was regarded as goods, generation of electricity amounted to manufacture, and the statutory definition of raw material included fuel used in the manufacturing process, so concessional tax under section 5C applied. The reference was answered in favour of the assessee on both issues. Case-Laws VAT and Sales Tax Fri, 28 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158640