1967 (8) TMI 114 - HC - VAT and Sales Tax

Summary

The Madras High Court dismissed the tax case regarding the classification of turnover as outright sales of finished products. The Tribunal's finding that only finished products were sold was upheld, rejecting the argument for apportionment of labor charges and material costs based on sales bills. The Court emphasized that the intention of the parties determines whether a transaction is a sale or a works contract. The petition was dismissed with no costs.