1981 (11) TMI 158

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nal that purchase of old gold ornaments was not taxable under section 3-AAAA as the purchases were made in the shape of bullion and were taxable as such. In treating old ornaments as bullion the Tribunal obviously committed an error of law. In Deputy Commissioner of Sales Tax v. G.S. Pai and Co. [1980] 45 STC 58 (SC); 1980 UPTC 524 (SC) it has been held by the Honourable Supreme Court that bullion....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d the purchasing dealer does not resell such goods in the same condition either inter or intra-State then tax is leviable on such purchases. In the purchase of old ornaments and their sale all the ingredients of this section are satisfied. Sale of old ornaments to dealer is not taxable under the Act. Purchasing dealer that is, the assessee admittedly did not sell them in the same form and conditio....