Supreme Court of India
State of Punjab & Others Etc.etc v. M/s. Perfect Synthetics Etc Etc.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We are of the view that the words c "subjected to tax" cannot be equated to the words "having suffered tax".
Judgment, page 8
From the 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 - Punjab General Sa/es Tax Act, 1948 - ss.5(1- ) and 5(2) - Notification No. SO 38/PA. 46148 S-5190 dated 25.07.1990. 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
Authorities it was built on
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.