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2011 (7) TMI 1076 - HC - VAT and Sales TaxWhether the respondent herein is entitled to the transitional relief permissible under section 18 of the Karnataka Value Added Tax Act, 2003? Held that:- The concept of ownership as an exclusive right to the owner to transfer part of the right has been dealt with and regarding the multi point tax levied under the Act, the Tribunal has rightly proceeded that, since admittedly the assessee has paid tax under the Sales Tax Act and also under the KVAT in respect of the transactions pertaining to the period from April 1, 2004 to March 31, 2005, having regard to the documents verified by the assessing officer, the assessee would be entitled to the benefit of transitional provisions under section 18 and therefore, the order passed by the Tribunal on the question of fact about application of section 18 to the transactions for the period from April 1, 2004 to March 31, 2005 is justified and does not suffer from any perversity or arbitrariness as to call for interference in this revision petition wherein only the question of law can be considered and in the absence of any arbitrariness or perversity in the consideration of the material on record, we hold that the appeal is devoid of merit and is dismissed.
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