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2014 (3) TMI 232 - MADRAS HIGH COURTExemption from the sales turnover - additional sales tax - whether the petitioner is entitled for exemption from the sales turnover for the period from 17.7.1996 to 31.8.1996 - Held that:- Held that:- Tribunal has not dealt with the matter in detail and it has failed to discuss the issue as to whether the assessee would be liable to pay additional Sales Tax in the light of amended sections 2(1)(a) and 2(1)(aa). All along, the contention of the assessee is that it is liable for exemption from 01.8.1996 in view of the amended sections and before the end of the year, the taxable turnover has not exceeded Rs. One Hundred Crores. Though the said contention was accepted by the appellate authority, the Tribunal has reversed the said decision without assigning any reason - payment of additional Sales Tax would arise only if the taxable turnover for the whole of the financial year exceeded Rs. One Hundred Crores. Moreover, for the period up to July 31, 1996, the liability has to be worked out as per the provision prevailing on that date, i.e., under unamended Section 2(1)(a) and for the consequent period as per the amended position - Following decision of State of Tamil Nadu v. National Time Co. [2010 (7) TMI 842 - MADRAS HIGH COURT] - Decided in favour of assessee.
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