https://www.taxtmi.com/caselaws?id=152296 Platinum could not be treated as "bullion" for sales tax classification under the Bombay Sales Tax Act merely on the basis of its being a precious metal or on dictionary meaning. The correct approach to a commercial taxing entry required evidence of the expression's common parlance or trade parlance meaning before deciding whether platinum fell within Schedule E. Because no such evidence had been led, the Tribunal's view that platinum was covered by "bullion" was not correct in law. The reference was answered against that conclusion, and the matter was remitted for fresh determination after allowing evidence on the relevant meaning of "bullion". en-us Tue, 13 Dec 1977 00:00:00 +0530 Fri, 28 Jun 2013 17:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152296 Platinum could not be treated as "bullion" for sales tax classification under the Bombay Sales Tax Act merely on the basis of its being a precious metal or on dictionary meaning. The correct approach to a commercial taxing entry required evidence of the expression's common parlance or trade parlance meaning before deciding whether platinum fell within Schedule E. Because no such evidence had been led, the Tribunal's view that platinum was covered by "bullion" was not correct in law. The reference was answered against that conclusion, and the matter was remitted for fresh determination after allowing evidence on the relevant meaning of "bullion". Case-Laws VAT and Sales Tax Tue, 13 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152296