https://www.taxtmi.com/caselaws?id=166411 Coconut oil manufactured and marketed as food-grade edible coconut oil was held to fall within the expression "edible oil" in Entry 24(i) of Part A of the 2nd Schedule to the Assam Value Added Tax Act, 2003, and not within the residuary schedule for hair oil. The classification turned on common and commercial parlance, and the entry was not confined to oils from any particular source. The possibility that coconut oil may also be used as hair oil did not displace its edible character where the product was sold as an edible product. As two views were reasonably possible, the interpretation favourable to the taxpayer was preferred, and the reclassification based on assumption was set aside. en-us Wed, 27 Jul 2011 00:00:00 +0530 Tue, 23 Sep 2014 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166411 Coconut oil manufactured and marketed as food-grade edible coconut oil was held to fall within the expression "edible oil" in Entry 24(i) of Part A of the 2nd Schedule to the Assam Value Added Tax Act, 2003, and not within the residuary schedule for hair oil. The classification turned on common and commercial parlance, and the entry was not confined to oils from any particular source. The possibility that coconut oil may also be used as hair oil did not displace its edible character where the product was sold as an edible product. As two views were reasonably possible, the interpretation favourable to the taxpayer was preferred, and the reclassification based on assumption was set aside. Case-Laws VAT and Sales Tax Wed, 27 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166411