Allowing the appeal of the assessee the Court held that ; process of galvanization amounted to ‘manufacture’ since the resultant product is a different commercial commodity having distinct use and is sold at a higher price. (AY. 2001-02)
Kashmir Tubes v. ITO (2017) 85 taxmann.com 299(2018) 300 CTR 541 (J&K) (HC)
S. 80IB: Industrial undertakings – Manufacture –Process of galvanization amounted to ‘manufacture’ since the resultant product is a different commercial commodity having distinct use and is sold at a higher price.