ITC AGRO TECH LTD. vs C.T.O., SECUNDERABAD

The Supreme Court interpreted Entry 24-B of the Andhra Pradesh General Sales Tax Act, 1957, determining that the concessional tax rate of 2% applies only to refined vegetable oils derived from non-refined oils that have been taxed under Entry 24-A. The Court held that the High Court's interpretation, which excluded refined oils not subjected to tax under Entry 24-A, was correct. Consequently, the appeals challenging the High Court's interpretation were dismissed, affirming the applicability of the higher tax rate for certain refined oils.