1982 (8) TMI 146

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.... exemption under s. 5(1) (xxxi) of the 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....

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....ies for rejecting the assessee's claims under s. 5(1)(xxxi). 5. We have heard the submission of both the parties and considered the facts of the case. Admittedly, the nature of the business of the assessee was that of dealing in timber and conversion of log to plank or firewood by a saw mill owned by him. In our opinion, when a log either by manual labour or by mechanical process is converted i....