https://www.taxtmi.com/caselaws?id=160596 Closing stock of timber brought forward from the earlier assessment year was held taxable under the amended scheme that imposed tax at two stages. The court accepted that the timber had already suffered tax at the first point of sale in the earlier year, but that prior position did not control the later year because the tax incidence had changed under a different assessment-year structure. The assessee's challenge therefore failed, and dual-stage taxation for the subsequent year was upheld. en-us Mon, 05 Mar 2001 00:00:00 +0530 Fri, 20 Dec 2013 15:52:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160596 Closing stock of timber brought forward from the earlier assessment year was held taxable under the amended scheme that imposed tax at two stages. The court accepted that the timber had already suffered tax at the first point of sale in the earlier year, but that prior position did not control the later year because the tax incidence had changed under a different assessment-year structure. The assessee's challenge therefore failed, and dual-stage taxation for the subsequent year was upheld. Case-Laws VAT and Sales Tax Mon, 05 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160596