Court Rules Full Tax Set-Off Allowed for Raw and Packing Materials in Manufacturing, Overturns Assessing Authority's Decision.

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....Whether the tax which the assessee has paid on the purchase of raw material and packing material which is ultimately used in the manufacture and packing of goods is liable to be adjusted in full from the ultimate tax liability which a dealer may stand faced with or is it liable to be adjusted only to the extent of the taxable turnover. - action of the assessing authority in reducing the set off which was claimed by the revisionist to be unsustainable. - HC....