Exemption Denied: Court Rules Gold for Jewelry Manufacturing in Tamil Nadu Not Exempt u/r 26A in West Bengal.

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....Purchase of gold for manufacturing of jewellery and ornaments - The assessing authority disallowed the claim for exemption on the sole ground that the purchasing dealer namely the writ petitioner did not manufacture the jewellery in the State of West Bengal but had manufactured the same at Coimbatore in Tamil Nadu state. - The intention, the object and the purpose of such exemption cannot be interpreted by referring to Rule 26A which operates in entirely different field. - Benefit rightly denied - HC....