The Supreme Court has held that 'Medical Oxygen IP' and 'Nitrous Oxide IP' should be taxed as drugs under Entry 88 of the AP Value Added Tax Act, 2005, and not as 'unclassified goods'. While providing the purposive interpretation to the 'similar substances' in Entry 88, the Division Bench of Justice DY Chandrachud and Justice Ajay Rastogi upheld the judgment of the High...