1984 (2) TMI 314

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....antity of cotton (kapas). That was ginned and sold as bales of cotton. The cotton seeds separated therefrom were also sold. The total purchase made by the petitioner was 8480.24 quintals. Upon ginning, the cotton yielded was 2884.13 quintals and the quantity of cotton seeds obtained was 5434.30 quintals. There was thus a shortage of 161.81 quintals which was nearly two per cent of the total purchase turnover. The petitioner submitted gross turnover of Rs. 1,43,00,000, exempted turnover of Rs. 1,30,30,000 and taxable turnover of Rs. 12,70,000. The taxable turnover consisted of the sales of cotton seeds in respect of inter-State transactions. The exempted turnover consisted of the sales of cotton kapas and cotton seeds under own account on....

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....to tax in the hands of the petitioner as the last purchaser. The correctness of this conclusion has been assailed in this revision petition. Entry 6 in the Fourth Schedule to the "Act" reads: ------------------------------------------------------------------------------- "Cotton, that is to say, all kinds of Purchase by the last Three cotton (indigenous or imported) in its dealer in the State per cent." unmanufactured state, whether ginned, liable to tax under baled, pressed, or otherwise, but not this Act. including cotton waste. ------------------------------------------------------------------------------ The levy of 3 per cent tax is on the last dealer. If the petitioner is not the last dealer, he cannot be taxed at al....