https://www.taxtmi.com/caselaws?id=183325 The Appellate Tribunal's decision to allow deduction towards the purchase value of iron and steel for the manufacture of finished goods and works contract was overturned. The Tribunal's ruling conflicted with a Division Bench judgment stating the materials were used for construction, not in original form as purchased. The Government's challenge regarding the change in character of the materials and execution of works contract was upheld, citing the Division Bench precedent. As a result, the revision petition was allowed in favor of the Government, rejecting the deduction claim by the assessee. en-us Thu, 26 Oct 2006 00:00:00 +0530 Thu, 09 Jun 2016 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183325 The Appellate Tribunal's decision to allow deduction towards the purchase value of iron and steel for the manufacture of finished goods and works contract was overturned. The Tribunal's ruling conflicted with a Division Bench judgment stating the materials were used for construction, not in original form as purchased. The Government's challenge regarding the change in character of the materials and execution of works contract was upheld, citing the Division Bench precedent. As a result, the revision petition was allowed in favor of the Government, rejecting the deduction claim by the assessee. Case-Laws VAT and Sales Tax Thu, 26 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183325