FOOD CORPORATION OF INDIA vs STATE OF PUNJAB

The Supreme Court addressed the appeal by the Food Corporation of India against the Punjab & Haryana High Court's judgment regarding the interpretation of the Punjab General Sales Tax Act, 1948. The Court held that the first question posed by the Sales Tax Tribunal was not answerable due to lack of factual basis, while the second question was resolved in favor of the assessee, referencing the precedent set in State of Punjab & Ors. vs. Guranditta Mal Shauti Prakash & Ors., (2004) 136 STC 12. The outcome affirmed the High Court's decision on the second question, thereby supporting the assessee's position.