https://www.taxtmi.com/caselaws?id=151233 A new taxing notification shifting the taxable point for cotton yarn to sale by a dealer to the consumer created a fresh incidence of tax under section 3-AA from 1 August 1958. Because that charging point was distinct from section 3-A, yarn held in stock on that date was not exempt merely because it had already suffered tax in the hands of the importer or manufacturer. The subsequent sale to the consumer remained taxable under Notification No. 2934/X-902, and the turnover in dispute was therefore liable to tax in favour of the Revenue. en-us Fri, 09 Jul 1976 00:00:00 +0530 Sat, 01 Jun 2013 18:36:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151233 A new taxing notification shifting the taxable point for cotton yarn to sale by a dealer to the consumer created a fresh incidence of tax under section 3-AA from 1 August 1958. Because that charging point was distinct from section 3-A, yarn held in stock on that date was not exempt merely because it had already suffered tax in the hands of the importer or manufacturer. The subsequent sale to the consumer remained taxable under Notification No. 2934/X-902, and the turnover in dispute was therefore liable to tax in favour of the Revenue. Case-Laws VAT and Sales Tax Fri, 09 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151233