1959 (7) TMI 45 - HC - VAT and Sales Tax

Summary

The Bombay High Court held that the assessee, a limited company manufacturing textiles, was deemed a dealer in cotton and cotton waste due to regular sales of surplus cotton and cotton waste, which were considered incidental to their main business. The court ruled in favor of the tax authorities, requiring the assessee to pay sales tax on these transactions. (Case citation: 1959 (7) TMI 45 - BOMBAY HIGH COURT)