https://www.taxtmi.com/caselaws?id=244170 Oxygen IP, manufactured under a drug licence and described as OXYGEN I.P., was treated as a medicinal product used in hospitals and treatment. Applying the common parlance, user and functional tests, the Court held that medicinal oxygen fell within the entry for medicines and pharmaceutical preparations, while the later entry for oxygen and other gases was only a general residual entry and could not displace the specific medicinal classification. The reassessment orders were therefore based on an erroneous tax classification and were set aside. en-us Tue, 11 Feb 2014 00:00:00 +0530 Thu, 09 Oct 2014 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244170 Oxygen IP, manufactured under a drug licence and described as OXYGEN I.P., was treated as a medicinal product used in hospitals and treatment. Applying the common parlance, user and functional tests, the Court held that medicinal oxygen fell within the entry for medicines and pharmaceutical preparations, while the later entry for oxygen and other gases was only a general residual entry and could not displace the specific medicinal classification. The reassessment orders were therefore based on an erroneous tax classification and were set aside. Case-Laws VAT and Sales Tax Tue, 11 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244170