https://www.taxtmi.com/caselaws?id=154958 The Karnataka High Court held that a mere difference between kapas purchased and the cotton and cotton seeds sold after ginning did not, by itself, establish taxable purchase by the dealer as the last purchaser under Entry 6 of the Fourth Schedule to the Karnataka Sales Tax Act, 1957. The levy applies only to the last dealer in the State, and the dealer's books showed that the entire kapas was processed into bales and seeds. As the authorities did not reject the accounts or disprove the normal yield, the explained shortage caused by dryage and incidental ginning loss could not be taxed as purchase turnover. en-us Mon, 27 Feb 1984 00:00:00 +0530 Fri, 30 Aug 2013 16:09:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154958 The Karnataka High Court held that a mere difference between kapas purchased and the cotton and cotton seeds sold after ginning did not, by itself, establish taxable purchase by the dealer as the last purchaser under Entry 6 of the Fourth Schedule to the Karnataka Sales Tax Act, 1957. The levy applies only to the last dealer in the State, and the dealer's books showed that the entire kapas was processed into bales and seeds. As the authorities did not reject the accounts or disprove the normal yield, the explained shortage caused by dryage and incidental ginning loss could not be taxed as purchase turnover. Case-Laws VAT and Sales Tax Mon, 27 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154958