https://www.taxtmi.com/caselaws?id=128640 The High Court of Madras considered the validity of a sales tax order directing a firm to pay 2% sales tax on a disputed turnover for the assessment year 1959-60. The firm, dealing in gold, silver, and jewels, claimed exemption on a portion of their turnover. The Court held that bullion includes gold or silver mixed with other metals, not just pure forms, contrary to the Tribunal's decision. Therefore, the Court allowed the revision, supporting the firm's position and awarding costs. en-us Wed, 01 May 1963 00:00:00 +0530 Tue, 09 Apr 2013 15:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128640 The High Court of Madras considered the validity of a sales tax order directing a firm to pay 2% sales tax on a disputed turnover for the assessment year 1959-60. The firm, dealing in gold, silver, and jewels, claimed exemption on a portion of their turnover. The Court held that bullion includes gold or silver mixed with other metals, not just pure forms, contrary to the Tribunal's decision. Therefore, the Court allowed the revision, supporting the firm's position and awarding costs. Case-Laws VAT and Sales Tax Wed, 01 May 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128640