https://www.taxtmi.com/caselaws?id=144093 Grey cloth held in stock on the appointed day, when subsequently bleached, dyed and printed into finished cloth, became a new commercial commodity. Section 4(2) of the Bombay Sales Tax Laws (Special Exemptions) Act, 1957 withdraws the sales tax exemption only where the sale is of the same scheduled goods already in stock on the appointed day. Because the processed cloth was manufactured out of the stock and was not the same goods in their original form, the sale fell outside section 4(2). The exemption under section 4(1) therefore continued to apply, and the processed cloth was not taxable as stock goods held on the appointed day. en-us Thu, 12 Nov 1964 00:00:00 +0530 Fri, 19 Apr 2013 14:34:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=144093 Grey cloth held in stock on the appointed day, when subsequently bleached, dyed and printed into finished cloth, became a new commercial commodity. Section 4(2) of the Bombay Sales Tax Laws (Special Exemptions) Act, 1957 withdraws the sales tax exemption only where the sale is of the same scheduled goods already in stock on the appointed day. Because the processed cloth was manufactured out of the stock and was not the same goods in their original form, the sale fell outside section 4(2). The exemption under section 4(1) therefore continued to apply, and the processed cloth was not taxable as stock goods held on the appointed day. Case-Laws VAT and Sales Tax Thu, 12 Nov 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=144093