Supreme Court Partially Allows Public Sector Company's Appeal in Sales Tax Dispute — Penalty Quashed and Dealer Finding Set Aside. Supply of Building Materials to Contractors at Agreed Price Constitutes Sale but Mere Excess Over Cost Does Not Prove Profit Motive; Bona Fide Belief Exempts From Penalty Under Orissa Sales Tax Act, 1947.
4 Aug 1969Hindustan Steel Ltd., a Government of India undertaking incorporated under the Indian Companies Act, 1913, was erecting factory buildings, residential...
