Supreme Court of India · 1964-07-27
AMRIT BANASPATI CO. LTD. & ANR. vs STATE OF UTTAR PRADESH AND ORS.
- Citation / case number
- SC 1963/24
- Court
- Supreme Court of India
- Petitioner
- AMRIT BANASPATI CO. LTD. & ANR.
- Respondent
- STATE OF UTTAR PRADESH AND ORS.
- Author
- GAJENDRAGADKAR, P.B. (),HIDAYATULLAH, M.,GUPTA, K.C. DAS,SHAHC.,DAYAL, RAGHUBAR
- Bench
- GAJENDRAGADKAR, P.B. (CJ),HIDAYATULLAH, M.,GUPTA, K.C. DAS,SHAH, J.C.,DAYAL, RAGHUBAR
Judgment text excerpt
The Supreme Court held that under Section 14(3) of the Indian Coinage Act, 1906, references to values in old coins must be construed as equivalent values in new coins, specifically converting one anna to six Naya Paisa. The Court affirmed the High Court's decision that the sales tax on Vanaspati should be calculated at the rate of six Naya Paisa per rupee, rather than one anna, as per the notification issued under the U.P. Sales Tax Act, 1948. The appeal was dismissed, confirming the validity of the sales tax assessment based on the correct conversion rate.