1984 (6) TMI 205 - HC - VAT and Sales Tax

Summary

The disputed turnover of Rs. 3,61,545.80 represents sales by the assessee as a selling agent for yarn produced by mills, not second sales of yarn. The Tribunal found that the assessee is only a selling agent based on the contract terms, where the assessee agreed to sell the yarn at the price fixed by the mills. The Court upheld the Tribunal's decision, dismissing the tax case.