https://www.taxtmi.com/caselaws?id=156115 Exemption entries under the Assam Sales Tax Act were construed in their ordinary commercial sense, with the result that cotton waste was treated as included within "cotton" in Schedule III item 8 and cotton yarn waste within "cotton yarn" in item 43. The court applied the common understanding of the commodities and the legislative setting, holding that residue or waste products that remain identifiable as the named commodity can fall within the exemption. Both issues were decided in favour of the assessees, and the goods remained exempt from tax. en-us Wed, 07 Sep 1988 00:00:00 +0530 Fri, 13 Sep 2013 17:02:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156115 Exemption entries under the Assam Sales Tax Act were construed in their ordinary commercial sense, with the result that cotton waste was treated as included within "cotton" in Schedule III item 8 and cotton yarn waste within "cotton yarn" in item 43. The court applied the common understanding of the commodities and the legislative setting, holding that residue or waste products that remain identifiable as the named commodity can fall within the exemption. Both issues were decided in favour of the assessees, and the goods remained exempt from tax. Case-Laws VAT and Sales Tax Wed, 07 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156115