2009 (8) TMI 887

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Appellant. Shri K.P. Singh, DR, for the Respondent. ORDER Heard both sides on the stay petition. The applicant is manufacturing chlorinated paraffin wax and hydrochloric acid on job work basis for M/s. Kanoria Chemicals & Industries Ltd. As job worker, they were receiving job charges from M/s. Kanoria Chemicals & Industries Ltd. It appears that, in the past i.e prior to April, 2003, t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... year 2003-2004 which clearly indicated the expenses under 19 heads totally amounting to Rs. 1,13,93,415.46, as the expenses towards undertaking the job charges and that the receipt as Rs. 1,43.16,160,00 towards conversion charges from M/s. Kanoria Chemicals & Industries Ltd. As a result their profit during financial year was recorded as Rs. 2,92,744.54. Similar is the position for the other years....