1976 (7) TMI 148 - HC - VAT and Sales Tax

Summary

The High Court of Allahabad ruled that the turnover of yarn was taxable under Notification No. 2934/X-902 dated 1st August, 1958. The Court found that the cotton yarn held by the assessee on that date was liable to tax at the point of sale to the consumer. The judgment favored the department and there were no costs awarded.