1960 (3) TMI 36

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....n question relating to the meaning to be given to the words "goods or silver bullion", occurring in section 6 of the Hyderabad General Sales Tax Act, 1950. T.R.C. No. 91 of 1958 relates to the assessment year 1954-55, T.R.C. No. 92 of 1958 to the year 1955-56 and T.R.C. No. 93 of 1958 to the assessment year 1953-54. The petitioners are a firm of dealers in gold, silver and jewellery at Kothagudem,....

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....gainst the order of the Tribunal rejecting the appeals, it is urged by Sri Mallikarjuna Rao that the percussion "gold or silver bullion" is of wide import and takes in gold or silver mixed with base metals like copper or lead. We are unable to accede to this proposition. If really the intention of the Legislature was that every metal which could be described as gold or silver should claim exemptio....

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....efined. It is also worthy of note that the second meaning given in the dictionary also indicates that it is applicable only to pure gold silver. In Wharton's Law Lexicon the following meaning is given: "Bullion is uncoined gold and silver in the mass. Those metals are called so, either when smelted from the native ore and not perfectly refined; or ingots, or into any unwrought body, of any degree....