1982 (11) TMI 161 - HC - VAT and Sales Tax

Summary

The High Court of Madras ruled in the case of Balasubrahmanyam v. Ratnam that transactions between the assessee and agents for export of hides and skins should be regarded as sales in the course of export, exempt from sales tax. The Tribunal disagreed with the assessing authority's view, which was based on a selective blindness to the facts on record. The orders of the Appellate Assistant Commissioner were not supported, and the revision petitions were rejected. No costs were awarded.