1991 (3) TMI 376 - HC - VAT and Sales Tax

Summary

The High Court of Madras upheld the Tribunal's decision that waste cotton purchased by the assessee is distinct from cotton and not inferior cotton. The assessee was liable to pay tax only on the first sale point in the State under item 16 of the First Schedule to the Tamil Nadu General Sales Tax Act. The assessment for the years 1977-78 and 1978-79 was modified accordingly. The Court dismissed the tax revision cases.