Supreme Court · 2008 INSC 326 · Decided 7 March 2008
State of Punjab & Others ETC.ETC v. M/S. Perfect Synthetics Etc ETC.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 326 · [2008] 4 S.C.R. 582
- Case number
- CIVIL APPEAL No. 1072/2008
- Decided
- 7 March 2008
- Bench
- S.H. KAPADIA, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Punjab General Sa/es Tax Rules, 1949 - r. 29(xii) - Deduction form taxable turnover- Denial of- On the ground c that raw material purchased were not subjected to tax by virtue of exemption- Propriety of - Held: Assessee is entitled to the benefit of deduction from taxable turnover - Act, 1948 - ss.5(1-A) and 5(2) - Notification No. SO 38/PA. 46148 S-5190 dated 25.07.1990. D Respondent-assessee is a company registered under Punjab General Sales Tax Act, 1948. It used to manufacture yarn which used to be sold in intra-State sale and tax on finished goods were paid. Some of
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)