1983 (1) TMI 234 - HC - VAT and Sales Tax

Summary

The High Court of Allahabad allowed the revision filed by the assessee regarding the concessional rate under section 4-B of the Act on purchases of oil-seeds. The assessee is entitled to the benefit of the concessional rate of tax at 13.83% on the total purchases of oil-seeds. The assessee, holding a recognition certificate under section 4-B(2) of the Act, is entitled to the benefit of section 4-B(1)(a) on the net total purchases covered by the certificate. The court set aside the Tribunal's order and declared the assessee's entitlement to the concessional tax rate on total oil-seed purchases at 13.83%. The department can take action for any breach of the recognition certificate, but it does not affect the assessee's entitlement to the benefit under section 4-B(1)(a) of the Act.