THE STATE OF TAMIL NADU vs M/S HDFC BANK LTD

TC No. 42 of 2015 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 23-06-2026 CORAM THE HON'BLE DR JUSTICE G. JAYACHANDRAN AND THE HON'BLE MRS.JUSTICE N. MALA Tax Case No. 42 of 2015 The State of Tamil Nadu Joint Commissioner CT, Chennai East Division, Chennai 600 006. ..Petitioner Vs M/s HDFC Bank Ltd., Mariam Centre, 3rd Floor, No.751-B, Anna Salai, Chennai 2. ..Respondent PRAYER: Tax Case (Revision) is filed under Section 38 of the TNGST Act, 1959, against the order of the Tamilnadu Sales Tax Appellate Tribunal, Chennai (Main Bench), Chennai, dated 21.10.2011 and passed in T.A.No.27 of 2010. For Petitioner: Ms.Amirtha Poonkodi Dinakaran Government Advocate (Taxes) For Respondent: No appearance ORDER (Order of the Court was made by Dr.G.Jayachandran J.) This appeal is filed by the Department challenging the order passed by the Sales Tax Appellate Tribunal (STAT). The Tribunal held that the sale of __________ Page1 of 8 https://www.mhc.tn.gov.in/judis ( Uploaded on: 30/06/2026 11:43:50 am ) TC No. 42 of 2015 gold coins engraved with the picture of Goddess Lakshmi must be considered as a sale of gold coin as bullion in uncoined form, liable to tax at the rate of 1% and not being tr