https://www.taxtmi.com/caselaws?id=128932 Unginned cotton and ginned cotton are treated as the same commercial commodity because ginning is only a mechanical separation of cotton from seeds and does not create a new article. For deduction from taxable turnover under the Punjab General Sales Tax Act, a dealer who purchases unginned cotton and then sells the resulting ginned cotton and cotton-seeds to registered dealers or in inter-State trade or export is entitled to deduction of the purchase price of the goods actually disposed of, or the corresponding part of that price. The assessing authority must ascertain the purchase price attributable to the ginned cotton or cotton-seeds sold and allow deduction on that basis. en-us Thu, 14 May 1964 00:00:00 +0530 Mon, 15 Apr 2013 12:44:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128932 Unginned cotton and ginned cotton are treated as the same commercial commodity because ginning is only a mechanical separation of cotton from seeds and does not create a new article. For deduction from taxable turnover under the Punjab General Sales Tax Act, a dealer who purchases unginned cotton and then sells the resulting ginned cotton and cotton-seeds to registered dealers or in inter-State trade or export is entitled to deduction of the purchase price of the goods actually disposed of, or the corresponding part of that price. The assessing authority must ascertain the purchase price attributable to the ginned cotton or cotton-seeds sold and allow deduction on that basis. Case-Laws VAT and Sales Tax Thu, 14 May 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128932