2015 (8) TMI 959

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e respondent JUDGMENT Heard the learned counsel for the parties on I.A. No. 3599 of 2014, an application filed seeking disposal of the matter in the light of the judg ments rendered by a coordinate Bench of this court. This appeal has been admitted for considering the following substantial question of law: "Whether input credit of taxes paid on the purchase of cotton seed used in the manufactu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... legal principles in the following manner (pages 46 and 47 in 70 VST): "From the aforesaid finding of the honourable Supreme Court, it is clear that manufacturer is eligible to the benefit of set-off on the entire amount of tax paid on purchase of raw material and principle of apportionment could not be invoked. In the facts and circumstances of the present case, the judgment of the honourable Su....