1980 (1) TMI 177 - HC - VAT and Sales Tax

Summary

The High Court of Orissa ruled that silver ornaments are subject to a tax rate of seven per cent, not five per cent as contended by the assessee. The Tribunal's decision to levy tax at five per cent was deemed unjustified. The judgment was made in reference to the Orissa Sales Tax Act for the assessment year 1971-72.