https://www.taxtmi.com/caselaws?id=127278 Amounts received by an assessee for decorticating groundnuts entrusted by other dealers were not part of taxable turnover, because the transactions were not purchases by the assessee and the sale proceeds were used only to recover advances, interest and decortication charges before remitting the balance to the dealers. The note also states that the amendment conferring power under rule 18 to condone delay in filing the prescribed return was procedural and operated retrospectively. Where assessment had not been completed, the authority could condone delay or omission in filing earlier returns, and no vested right had accrued to deny the benefit merely because the return was late. 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 Amounts received by an assessee for decorticating groundnuts entrusted by other dealers were not part of taxable turnover, because the transactions were not purchases by the assessee and the sale proceeds were used only to recover advances, interest and decortication charges before remitting the balance to the dealers. The note also states that the amendment conferring power under rule 18 to condone delay in filing the prescribed return was procedural and operated retrospectively. Where assessment had not been completed, the authority could condone delay or omission in filing earlier returns, and no vested right had accrued to deny the benefit merely because the return was late. Case-Laws VAT and Sales Tax Thu, 07 Jan 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127278