1976 (7) TMI 148

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....rred for the opinion of this court: "Whether, on the facts and in the circumstances of the case, the turnover of yarn in dispute was taxable under Notification No. 2934/X-902 dated 1st August, 1958?" The assessee, a dealer in Moradabad, was holding stocks of yarn on 1st August, 1958. Admittedly, yarn was taxable at single point before 1st August, 1958. It was taxable either in the hands of i....

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....of Harsaran Das came up before this court and was decided by a Division Bench on 2nd January, 1969. We have gone through the judgment in Sales Tax Reference No. 539 of 1966 (Commissioner of Sales Tax, U.P. v. Harsaran Das and Sons, Moradabad) and we find that it was held by a Division Bench that cotton yarn held by the assessee in stock on 1st August, 1958, was liable to tax on the point of sale b....