https://www.taxtmi.com/caselaws?id=431012 Oxygen gas used in steel manufacture did not qualify as raw material for concessional tax under Section 13(1)(b) of the Bihar Finance Act, 1981, because it functioned only as a refining agent to reduce carbon content and improve product quality. Applying the test that a raw material must be essential and indispensable to the manufacturing process itself, the tax concession was unavailable and the higher rate applied. The Supreme Court also stated that the High Court should not interfere under Article 226 with concurrent technical findings accepted by the assessing, appellate and revisional authorities absent legal error or jurisdictional infirmity. en-us Fri, 02 Dec 2022 00:00:00 +0530 Wed, 24 May 2023 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431012 Oxygen gas used in steel manufacture did not qualify as raw material for concessional tax under Section 13(1)(b) of the Bihar Finance Act, 1981, because it functioned only as a refining agent to reduce carbon content and improve product quality. Applying the test that a raw material must be essential and indispensable to the manufacturing process itself, the tax concession was unavailable and the higher rate applied. The Supreme Court also stated that the High Court should not interfere under Article 226 with concurrent technical findings accepted by the assessing, appellate and revisional authorities absent legal error or jurisdictional infirmity. Case-Laws VAT and Sales Tax Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431012