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TMI Blog1983 (1) TMI 247X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the Sankara Mutt. The assessee has firstly contended before the Tribunal that the amount received by sale of the coins made out of silver was the amount received for work and labour and therefore the turnover cannot be taxed. But, the Tribunal found that the assessee has used his own silver for manufacturing the coins according to the specifications given by the purchaser that therefore, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ales should be taxed at the lower rate of 2% and not at 4% as has been done by the assessing authority. The Tribunal has held that the assessee has made the coins out of the old silver and silver ornaments and therefore, the manufactured product, viz., silver coins, cannot be said to be a specie. The Tribunal has relied on the decision of the Supreme Court in Deputy Commissioner of Sales Tax (Law) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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