1953 (4) TMI 15

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.... as dealers in, i.e., as purchasers and sellers of groundnuts. The suit was for the recovery of Rs. 3,181-3-4 being the tax collected from them. The learned Subordinate judge dismissed their suit, but on appeal the learned District Judge has decreed it. The Government is the appellant before me. The finding of the learned District judge on a careful consideration of the entire evidence on the reco....

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....unts between the plaintiffs and the respective owners. On these facts it is obvious that the learned District judge was right in holding that the plaintiffs were in no sense dealers within the meaning of the General Sales Tax Act. I agree with the learned Judge's view of the law, having regard to the nature of the transaction, that when a transaction is treated by both parties as a loan and entrus....