1975 (2) TMI 106

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..... by the dealer, relates to the assessment year 1st April, 1971, to 31st March, 1972. The short question that arises for decision is whether french-polish comes within the meaning of the word "varnish" included in item No. 97 of the Second Schedule to the Act. According to the dealer, french-polish does not come within the meaning of the word "varnish" and it has to be taxed at the rate applicable .....

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..... produces, when dry, a hard glossy surface". The word "varnish" is also used as a noun: varnish is a liquid preparation. There are two classes of varnishes: one class is "oil varnishes", which are essentially solutions of resins (natural or artificial) or of asphalt in drying oils; the other class is "spirit varnishes", which are solutions of resins (natural or artificial), asphalt, cellulose, est .....

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