https://www.taxtmi.com/caselaws?id=198856 The Government challenged the Tribunal's decision to allow deduction towards the purchase value of iron and steel used in manufacturing finished goods and executing works contracts. The dispute centered on whether the character of iron and steel purchased from a registered dealer would change when used in specific construction activities. Relying on a Division Bench ruling, the Government argued against the Tribunal's decision, leading to the revision petition being allowed in their favor. Consequently, the deduction claim was disallowed, with legal questions resolved against the assessee. en-us Thu, 26 Oct 2006 00:00:00 +0530 Sat, 10 Feb 2018 10:28:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198856 The Government challenged the Tribunal's decision to allow deduction towards the purchase value of iron and steel used in manufacturing finished goods and executing works contracts. The dispute centered on whether the character of iron and steel purchased from a registered dealer would change when used in specific construction activities. Relying on a Division Bench ruling, the Government argued against the Tribunal's decision, leading to the revision petition being allowed in their favor. Consequently, the deduction claim was disallowed, with legal questions resolved against the assessee. Case-Laws VAT and Sales Tax Thu, 26 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198856