https://www.taxtmi.com/caselaws?id=127318 The Madras High Court in 1954 ruled on a taxation case involving groundnuts. The court held that the purchase of groundnuts for export does not qualify for exemption under Article 286(1)(b) of the Constitution. It clarified that the turnover for taxation purposes should be calculated based on the purchase price, as per rules under Section 3 of the Act. The court upheld the taxation of the dealer based on the purchase price of groundnuts, overturning the Appellate Tribunal's decision and awarding costs to the petitioner. en-us Wed, 17 Mar 1954 00:00:00 +0530 Thu, 07 Mar 2013 13:00:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127318 The Madras High Court in 1954 ruled on a taxation case involving groundnuts. The court held that the purchase of groundnuts for export does not qualify for exemption under Article 286(1)(b) of the Constitution. It clarified that the turnover for taxation purposes should be calculated based on the purchase price, as per rules under Section 3 of the Act. The court upheld the taxation of the dealer based on the purchase price of groundnuts, overturning the Appellate Tribunal's decision and awarding costs to the petitioner. Case-Laws VAT and Sales Tax Wed, 17 Mar 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127318