https://www.taxtmi.com/caselaws?id=129025 Goods purchased as binola or kapas and resold within the prescribed six-month period to a registered dealer were treated as deductible from gross turnover if the statutory conditions were proved, with factual verification left to the Assessing Authority. Cotton sold through commission agents at Bombay to a foreign buyer was also deductible because the agents acted only on behalf of the assessee, and the sale that occasioned export formed part of an export transaction protected from State taxation. The assessment was quashed to the extent inconsistent with these principles and remitted for reconsideration. en-us Mon, 05 Oct 1964 00:00:00 +0530 Tue, 16 Apr 2013 15:23:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=129025 Goods purchased as binola or kapas and resold within the prescribed six-month period to a registered dealer were treated as deductible from gross turnover if the statutory conditions were proved, with factual verification left to the Assessing Authority. Cotton sold through commission agents at Bombay to a foreign buyer was also deductible because the agents acted only on behalf of the assessee, and the sale that occasioned export formed part of an export transaction protected from State taxation. The assessment was quashed to the extent inconsistent with these principles and remitted for reconsideration. Case-Laws VAT and Sales Tax Mon, 05 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=129025