https://www.taxtmi.com/caselaws?id=148397 A lessee entitled to the usufruct of coconut trees was held to be dealing in horticultural produce, so the sale of coconuts obtained from the coconut tope did not attract sales tax under the General Sales Tax Act. The court treated the right as a lease of the produce-bearing trees, noted that coconut tope income is agricultural in nature, and accepted that the same goods had already suffered tax at the first sale point. On that basis, the assessment and penalty orders were unsustainable and were quashed. en-us Thu, 02 Mar 1967 00:00:00 +0530 Fri, 26 Apr 2013 15:29:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148397 A lessee entitled to the usufruct of coconut trees was held to be dealing in horticultural produce, so the sale of coconuts obtained from the coconut tope did not attract sales tax under the General Sales Tax Act. The court treated the right as a lease of the produce-bearing trees, noted that coconut tope income is agricultural in nature, and accepted that the same goods had already suffered tax at the first sale point. On that basis, the assessment and penalty orders were unsustainable and were quashed. Case-Laws VAT and Sales Tax Thu, 02 Mar 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148397