Copy of
Bombay HC verdict upholding sales tax on return stream of kerosene after
extraction of N-Paraffin under Bombay Sales Tax Act, albeit prospectively i.e.
from date of order of Maharashtra Sales Tax Tribunal; Bombay HC refused to
consider such return stream between Bharat Petroleum Corporation Ltd &
Reliance Industries Ltd as “sales return” u/s 2(35), 2(36) of Bombay Sales Tax
Act and Rule 4 of Bombay Sales Tax Rules, and instead, concurred with Tribunal
that same would amount to 'purchase' transaction : Bombay HC
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