2025 (1) TMI 913

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..... s in capsules - as decided by HC [ 2018 (7) TMI 1733 - MADRAS HIGH COURT] factual matrix clearly demonstrates that what has been done by the assessee is manufacture. In the assessee s case, the product which emerges after the process of manufacture is commercially a distinct commodity, can be of consumption as such containing a requisite amount of ingredients in the appropriate percentage, preserv .....

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..... r Yadav, AOR Mr. Akshat Kaushik, Adv. Mrs. Anil Katiyar, AOR For the Respondent : Ms. Charanya Lakshmikumaran, AOR Mr. S Vasudevan, Adv. Mr. Karanjot Singh Khurana, Adv. Mr. Tanmay Bhatnagar, Adv. Mr. Shivam Gupta, Adv ORDER UPON hearing the counsel the Court made the following. The tax effect in this case is less than Rs.5 crores. Therefore, in view of Circular dated 17th September, 2024, the Spe .....

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