Basic concept of Taxable event (Levy), Quantification of tax, Collection of tax etc. - OLD

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..... of time. Even though the taxable event of a tax happens to be at a particular point of time, the levy and collection of such tax may be postponed, for administrative convenience, to a later date. - Goodyear India Ltd. v. State of Haryana [1989 (10) TMI 52 - SUPREME Court] [two member bench]   In the Goodyear India Ltd. (supra), Apex Court has said that,   "It is well-settled that the .....

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..... odyear India Ltd. v. State of Haryana [1989 (10) TMI 52 - SUPREME Court]  was dissented by the 3 member bench in the case of,  Hotel Balaji Versus State of Andhra Pradesh [1992 (10) TMI 240 - SUPREME COURT OF INDIA], the basic principle as stated above was not touched upon.   Further, 3 member bench of apex court in the case of State of Kerala v. Alex George [2004 (11) TMI 104 - S .....

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