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2001 (9) TMI 925 - SUPREME COURTProposal to include in the turnover the amount received by the appellant from the industrial pool account and treating the same as sale price - Held that:- Appeal allowed. The position in law being thus clear, namely, that any money received either from the Indian Oil Corporation Ltd. or from the compensation pool which is relatable to the sales made by the appellant to IOCL, is not to be included in the taxable turnover as it is not to be regarded as the first sale in the State; therefore, to that extent, no tax can be levied in the hand of the appellant on the amount so received.
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