1981 (11) TMI 158 - HC - VAT and Sales Tax

Summary

The Sales Tax Tribunal erred in treating old gold ornaments as bullion. The purchase of old ornaments became taxable as they were sold in a different form. The notification treating old ornaments as bullion was not retrospective. The Commissioner of Sales Tax succeeded in the revision, and the Tribunal's order on the turnover of ornaments was set aside. The Commissioner was awarded costs of Rs. 50.