Last purchaser liability for jute depends on the relevant assessment year, not later resale of stock.

Liability as the last purchaser of jute is determined by the relevant assessment year and the assessee's own declaration, not by later resale of the goods. Where the assessee bought jute for consumption in its mill, declared the turnover as last purchase turnover, and paid tax on that basis, it could not dispute the liability merely because the stock was sold in a subsequent year. The later disposal did not alter the tax position for the year in question, and the assessment order was upheld.

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Issues: Whether the assessee, having purchased jute for consumption in its mill and having declared the purchase turnover as last purchase turnover, could dispute liability on the ground that the goods were later sold in a subsequent year.

Analysis: The assessee's liability turned on its status as the last purchaser in the relevant assessment year, not on the later disposal of the stock. The goods were purchased for consumption in the mill, and the assessee had itself declared before the assessing and revisional authorities that it was the last purchaser and had paid tax accordingly. Subsequent sales of the stock in later years did not alter the position for the relevant year.

Conclusion: The assessee was correctly treated as the last purchaser for the relevant assessment year, and the assessment did not warrant interference.

Final Conclusion: The tax revision was rejected and the assessment order was maintained.

Ratio Decidendi: Tax liability as the last purchaser is determined with reference to the relevant assessment year and the assessee's own declaration, and subsequent sale of the goods in a later year does not negate that liability.

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