HomeIndirect TaxesFurnace Oil Is Consumable, Not Machinery; Affirms 6% Reduction...

Furnace Oil Is Consumable, Not Machinery; Affirms 6% Reduction Under Bombay Sales Tax Rules, 1959: Bombay HC

The Bombay High Court has held that the furnace oil is a consumable, not machinery; affirms 6% reduction under Rule 41D of the Bombay Sales Tax Rules, 1959. The bench of Justices M.S. Sonak and Advait M. Sethna has observed that Borosil Glass Works Ltd. is entitled only to a partial set-off on furnace oil…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 5+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started as a freelance tax reporter in the leading online legal news companies like LiveLaw & Taxscan.