TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Madras HC rules processed prawns not a new commodity, exempts from tax</h1> The Madras HC dismissed the tax revision case, finding prawns processed by the assessee did not create a new commodity, thus exempt from tax liability. ... - The Madras High Court dismissed the tax revision case, ruling that no new commodity emerged in the process done by the assessee involving prawns, and therefore, the tax liability does not apply. The Court cited a previous Supreme Court case regarding sliced pineapple fruits to support their decision. The Court held that prawns subjected to cleaning, cutting, and packaging for export retained their original character and could not be considered a new commercial commodity. The Court upheld the Tribunal's decision to grant exemption under section 5(3) of the Central Sales Tax Act, 1956.
TaxTMI 
TaxTMI 
