2017 (11) TMI 580

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....redecessor under Section 263 of the Act for the assessment year 2002   2003 requires to be amended, as there is a mistake apparent from the record within the meaning of Section 154 of the Act. The notice further states that rectification of the mistake as per particulars given will have the effect of enhancing the assessment/reducing the refund/increasing the petitioner's liability. The petitioner was given an opportunity of being heard in person on 30.11.2007. This notice dated 12.10.2007 issued under Section 154 of the Act (Impugned notice) itself suffered from a mistake in the sense that the assessment order was wrongly mentioned as 2002   2003 instead of 2001   2002. Therefore, an erratum was issued vid....

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....ture. In other words, the goods purchased as raw material should go in as inputs in the process of manufacture and the result must be manufacture of other goods. The article produced must be regarded by the trade as a new and distinct article having an identity of its own, an independent market after the commodity is subjected to the process of manufacture. The nature and extent of the process would vary from case to case, and in a given case, there may be only one stage of processing, while in another case, there may be several stages of processing, and perhaps, a different kind of process at every stage. That with every process, the commodity would experience a change, but ultimately, it is only when the change, or a series of changes, br....