1979 (2) TMI 9

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..... referred to as " the Act "), are by the revenue and relate to the same assessee who is the respondent herein, for assessment years 1970-71 to 1973-74. The questions which the revenue wants to be referred to this court, have been set out in para. 4 of the petition and it is unnecessary to reproduce them in this order. The assessee is a manufacturer of synthetic resins. In the original assessmen .....

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..... e definition of the term " petrochemical " in the Condensed Chemical Dictionary (8th Edn.) revised by Gessner G. Hawley. According to that dictionary, the meaning of that term is " an organic compound for which petroleum or natural gas is the ultimate raw material The learned standing counsel did not dispute that for manufacturing synthetic resins, petroleum or natural gas is the ultimate raw mate .....

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