2001 (3) TMI 1001

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....is a dealer in timber. During the year 1992-93, timber was assessed only on the first point of sale. So he paid tax for the purchase of timber. During the year 1993-94 this was taxed at two stages. The closing stock of timber for the year 1992-93 was subjected to tax during the year 1993-94 because of the amendment. Counsel for the petitioner submitted that this cannot be done. Learned counsel bro....