Tvl. Koodal Industries vs State Of T.N.

The Supreme Court held that the High Court correctly found an implied contract for the sale of gunny bags used for wheat products, despite the Tribunal's conclusion to the contrary. The Court emphasized that the assessing authority was responsible for determining the existence of such an implied contract, and the appellant's appeal to the Tribunal obstructed this factual inquiry. Consequently, the Court dismissed the appeal, affirming the High Court's order without costs.