A Coconut Oil conundrum lingers in Supreme Court [Read Split Verdict]

Daiichi Sankyo

Would coconut oil packaged in “small containers” be classified as edible oil or hair oil for the purpose of taxation?

The Supreme Court Bench of Justice Ranjan Gogoi and R Banumati were unable to arrive at a consensus to put this issue to rest. After delivering a split verdict in the matter, the case has been directed to be placed before Chief Justice Dipak Misra for appropriate orders.

The Bench was . . .

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