https://www.taxtmi.com/caselaws?id=128453 Declared goods such as groundnuts remained subject to the constitutional and statutory restriction that sales tax could be levied at no more than one stage and within the prescribed rate. On the construction of section 5(4) of the Mysore Sales Tax Act, read with section 2(x), the relevant point of time was the assessment year, so the last purchase within that year attracted liability even if part of the goods was sold only after the year closed. A later sale did not undo a tax liability that had already attached during the assessment year. The purchase turnover was therefore treated as taxable. en-us Thu, 21 Dec 1961 00:00:00 +0530 Sat, 06 Apr 2013 09:36:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128453 Declared goods such as groundnuts remained subject to the constitutional and statutory restriction that sales tax could be levied at no more than one stage and within the prescribed rate. On the construction of section 5(4) of the Mysore Sales Tax Act, read with section 2(x), the relevant point of time was the assessment year, so the last purchase within that year attracted liability even if part of the goods was sold only after the year closed. A later sale did not undo a tax liability that had already attached during the assessment year. The purchase turnover was therefore treated as taxable. Case-Laws VAT and Sales Tax Thu, 21 Dec 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128453