No Trade Tax on Reselling Used Refined Mobil Oil After Cleaning; Not a Manufactured Product: SC Affirms Allahabad HC Ruling

The Supreme Court upheld the Allahabad High Court ruling that resale of used, refined mobil oil after cleaning is not subject to trade tax as it does not constitute a manufactured product. The judgment clarifies tax liability in resale transactions, prevents undue taxation, and provides legal certainty for businesses engaged in resale operations. It reinforces principles of taxation based on substance rather than form.