High Court rules in favor of assessee in sales tax dispute on turnover from works contracts.

The High Court of Madras ruled in favor of the assessee in a sales tax dispute regarding turnover from works contracts for embroidery work. The Tribunal's decision to tax 70% of the turnover was set aside by the High Court based on established legal principles.

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The High Court of Madras ruled in favor of the assessee in a sales tax dispute regarding turnover from works contracts for embroidery work. The Tribunal had previously determined that 70% of the turnover was taxable, but the High Court set aside the assessments based on principles established in previous judgments. (Case citation: 1958 (9) TMI 70 - Madras High Court)

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