https://www.taxtmi.com/caselaws?id=144075 Cotton purchases were held liable to tax as last purchases under section 5(4) of the Mysore Sales Tax Act, because the taxable event was the purchase itself and not the later sale of the goods outside the State. Sales on consignment basis were treated as irrelevant to that liability, since the provision applied to sales to unregistered dealers without distinguishing between inside-State and outside-State dealings. The revisional authority under section 21(2) was also said to have power to examine material necessary to determine whether the assessing authority had correctly identified the unsold stock as last purchases. The tax revision was sustained and the assessee remained liable on the disputed turnover. en-us Fri, 11 Feb 1966 00:00:00 +0530 Fri, 19 Apr 2013 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=144075 Cotton purchases were held liable to tax as last purchases under section 5(4) of the Mysore Sales Tax Act, because the taxable event was the purchase itself and not the later sale of the goods outside the State. Sales on consignment basis were treated as irrelevant to that liability, since the provision applied to sales to unregistered dealers without distinguishing between inside-State and outside-State dealings. The revisional authority under section 21(2) was also said to have power to examine material necessary to determine whether the assessing authority had correctly identified the unsold stock as last purchases. The tax revision was sustained and the assessee remained liable on the disputed turnover. Case-Laws VAT and Sales Tax Fri, 11 Feb 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=144075