1982 (8) TMI 146

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....he WT Act. 2. The assessee was engaged in the business of dealing in timbers having a saw mill of its own. He claimed exemption under s. 5(1)(xxxi) of the Act which was rejected by the WTO on the ground that the assessee did not satisfy the requirements under Explanation to s. 5(1) (xxxi) of the WT Act. 3. On appeal, the AAC confirmed the action of the WTO by observing that the activities of the....