https://www.taxtmi.com/caselaws?id=160355 Mineral turpentine oil sold as thinner was treated as distinct from turpentine oil for sales tax classification under the M.P. General Sales Tax Act, 1958, so the commodity fell in the residuary entry at 12% rather than the specific entry at 16%. The classification followed the factual finding on the nature of the product and was supported by binding jurisdictional precedent. Reduction of penalty under section 17(3) was also held to rest on appreciation of facts, so it did not give rise to an independent referable question of law. The reference was answered in favour of the assessee and the Tribunal's view was sustained. en-us Sat, 01 May 1999 00:00:00 +0530 Mon, 16 Dec 2013 16:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160355 Mineral turpentine oil sold as thinner was treated as distinct from turpentine oil for sales tax classification under the M.P. General Sales Tax Act, 1958, so the commodity fell in the residuary entry at 12% rather than the specific entry at 16%. The classification followed the factual finding on the nature of the product and was supported by binding jurisdictional precedent. Reduction of penalty under section 17(3) was also held to rest on appreciation of facts, so it did not give rise to an independent referable question of law. The reference was answered in favour of the assessee and the Tribunal's view was sustained. Case-Laws VAT and Sales Tax Sat, 01 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160355