1987 (1) TMI 461 - HC - VAT and Sales Tax

Summary

The High Court of Madhya Pradesh ruled that the husk of soyabean is exempt from tax under Notification No. 1073-537-V-ST dated 7th April, 1967. The Court held that soyabean is considered a cereal and therefore, its husk falls under the exemption. The Board of Revenue was not justified in taxing the husk of soyabean. The Court's answer to the question was in the negative, favoring the assessee.