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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
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<h1>Court rules only finished products sold, not labor charges or material costs in tax case</h1> The Madras High Court upheld the Tribunal's decision in a tax case, ruling that only finished products were sold, not labor charges or material costs. The ... - The Madras High Court dismissed the tax case regarding the classification of turnover as outright sales of finished products. The Tribunal's finding that only finished products were sold was upheld, rejecting the argument for apportionment of labor charges and material costs based on sales bills. The Court emphasized that the intention of the parties determines whether a transaction is a sale or a works contract. The petition was dismissed with no costs.