1993 (2) TMI 319 - HC - VAT and Sales Tax

Summary

The Karnataka High Court considered whether balloons are children's toys falling within entry 47 of the Karnataka Sales Tax Act, 1957. The court held that if balloons are predominantly used as toys, they fall under entry 47 and are exempt from tax. The court allowed the revision petitions, directing the assessing authorities to re-do the assessment. The judgment was delivered by K. Shivashankar Bhat, J. (1993 (2) TMI 319 - KARNATAKA HIGH COURT).