Copy of Bombay HC verdict upholding sales tax on return of kerosene post extraction

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