https://www.taxtmi.com/caselaws?id=156926 The Court ruled in favor of the respondent-assessee, holding that the sale proceeds from cashew shells and gunny bags were not taxable. The Tribunal's decision to exclude these sales from taxable turnover was upheld as there was no evidence of the assessee's intention to conduct business in these goods. The Court emphasized the need to establish intent in dealing with specific goods for tax liability determination, citing legal precedents. The Tax Revision Cases were dismissed, affirming the Tribunal's decisions and underscoring the reliance on established legal principles in tax assessments. en-us Mon, 17 Jun 1991 00:00:00 +0530 Thu, 26 Sep 2013 14:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156926 The Court ruled in favor of the respondent-assessee, holding that the sale proceeds from cashew shells and gunny bags were not taxable. The Tribunal's decision to exclude these sales from taxable turnover was upheld as there was no evidence of the assessee's intention to conduct business in these goods. The Court emphasized the need to establish intent in dealing with specific goods for tax liability determination, citing legal precedents. The Tax Revision Cases were dismissed, affirming the Tribunal's decisions and underscoring the reliance on established legal principles in tax assessments. Case-Laws VAT and Sales Tax Mon, 17 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156926