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of <h1>Groundnut transactions not subject to sales tax; considered loan and entrustment, not sale. Plaintiffs not liable.</h1> <h3>Provincial Government of Madras Versus Mudukuru Munirathnam Chetti and Another</h3> Provincial Government of Madras Versus Mudukuru Munirathnam Chetti and Another - [1953] 4 STC 296 (Mad) The Madras High Court held that the respondents are not liable to pay sales tax as dealers in groundnuts. The court found that the nature of the transactions did not constitute a sale but rather a loan and entrustment of goods for sale. The appeal was dismissed, and the plaintiffs were not held liable to pay the tax.
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