2018 (2) TMI 370

Head Note / Extract:
Works Contract - rate of tax - iron and steel items - taxable at 4% or otherwise? - Held that: - The issue involved herein is no longer res integra in view of the dictum enunciated by the Hon’ble Apex Court in the case of Gannon Dunkerley & Co. Versus State of Rajasthan & Larsen & Toubro Ltd. & Union of India [1992 (11) TMI 254 - SUPREME COURT OF INDIA], where it was held that the declared goods in question can only be taxed at the rate of 4% - revision petition dismissed - decided against Revenue.