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of <h1>High Court confirms 8% tax on oil turnover, overturning 4% ruling</h1> The High Court of Madras dismissed the tax appeal regarding the turnover of oil, confirming it as taxable at 8% single point under entry 47 of the First ... - The High Court of Madras dismissed the tax appeal regarding the turnover of oil 666, confirming it as taxable at 8% single point under entry 47 of the First Schedule. The Appellate Assistant Commissioner's decision to tax it at 4% multi-point was deemed erroneous. The appeal was dismissed with no costs.
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