https://www.taxtmi.com/caselaws?id=150898 The High Court of Karnataka set aside the Sales Tax Appellate Tribunal's assessment of a jewellery business's turnover under the Sales Tax Act for the year 1967-68. The Court found that the Tribunal failed to correctly apply principles from Supreme Court decisions regarding distinguishing between sales of finished jewellery and component parts like diamonds, precious stones, and gold. The matter was remanded for fresh adjudication, instructing the Tribunal to consider the Supreme Court rulings and determine the nature of the transactions. No costs were awarded in the revision petition. en-us Tue, 23 Jul 1974 00:00:00 +0530 Fri, 24 May 2013 14:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150898 The High Court of Karnataka set aside the Sales Tax Appellate Tribunal's assessment of a jewellery business's turnover under the Sales Tax Act for the year 1967-68. The Court found that the Tribunal failed to correctly apply principles from Supreme Court decisions regarding distinguishing between sales of finished jewellery and component parts like diamonds, precious stones, and gold. The matter was remanded for fresh adjudication, instructing the Tribunal to consider the Supreme Court rulings and determine the nature of the transactions. No costs were awarded in the revision petition. Case-Laws VAT and Sales Tax Tue, 23 Jul 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150898