1974 (8) TMI 96 - HC - VAT and Sales Tax

Summary

The High Court of Madras allowed the appeal in a case involving the application of section 55(1) of the Madras General Sales Tax Act, 1959. The court held that a statutory provision has effect from its inception and errors in assessment orders can be rectified under section 55 only if the law as declared depends on facts presented by the assessee. The appeal was allowed with no costs.