TMI Blog1967 (7) TMI 120X X X X Extracts X X X X X X X X Extracts X X X X ..... chased electrical goods between 1st October, 1958, and 31st March, 1961, but under the C Forms in vogue prior to 1st October, 1958. As the law then stood, section 8(3)(b) included in the C Form goods intended not only for resale but also for use in the manufacture of goods for sale or for use in the execution of any contract. This provision was amended with effect from 1st October, 1958, and under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e that he will be liable to penalty. Possibly, because of the old forms issued to him, the assessee was under a misapprehension that even after the amendment with effect from 1st October, 1958, he could use the electrical goods in execution of contracts. If it were a case of assessment, he would certainly be governed by the amended section 8(3)(b). That was what was held by the Supreme Court in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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