https://www.taxtmi.com/caselaws?id=127278 Sale proceeds from groundnuts decorticated on behalf of dealers do not form the decorticator's taxable turnover where the decorticator neither purchases the goods nor sells them as owner, but recovers advances, interest and processing charges and remits the balance to the dealers. As tax on such groundnuts applies at the purchase point rather than sale, those proceeds remain excluded from the decorticator's turnover. A procedural amendment conferring power to condone delayed or omitted monthly returns applies to pending assessments, because no vested revenue right to refuse the related deduction arises solely from late filing. en-us Thu, 07 Jan 1954 00:00:00 +0530 Wed, 06 Mar 2013 16:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127278 Sale proceeds from groundnuts decorticated on behalf of dealers do not form the decorticator's taxable turnover where the decorticator neither purchases the goods nor sells them as owner, but recovers advances, interest and processing charges and remits the balance to the dealers. As tax on such groundnuts applies at the purchase point rather than sale, those proceeds remain excluded from the decorticator's turnover. A procedural amendment conferring power to condone delayed or omitted monthly returns applies to pending assessments, because no vested revenue right to refuse the related deduction arises solely from late filing. Case-Laws VAT and Sales Tax Thu, 07 Jan 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127278