This document contains the Supreme Court of India's judgement in the case of AMD Industries Limited versus the Commissioner of Trade Tax. It addresses the appellant's claim for trade tax exemption based on diversification of their manufacturing process. The judgement clarifies the criteria for 'diversification' versus 'modernisation' under the U.P. Trade Tax Act and ultimately dismisses the appeal, finding the appellant's new product not sufficiently different to qualify for exemption. This is a key read for legal professionals and businesses dealing with trade tax regulations and exemptions.
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