1996 (4) TMI 451 - HC - VAT and Sales Tax

Summary

The High Court of Madhya Pradesh addressed a reference under the M.P. General Sales Tax Act regarding the market value of bauxite extracted by M/s. Bharat Aluminium Company Ltd. from their quarries. The Board of Revenue's determination of market value at Rs. 87.50 per tonne, including transportation costs, was challenged. The Court ruled in favor of the assessee, holding that transportation charges should be excluded from the entry tax calculation.