1984 (7) TMI 339 - HC - VAT and Sales Tax

Summary

The High Court allowed the revision by the assessee for the assessment year 1975-76, ruling that the business dealing in tin scraps is covered by a specific notification, entitling the assessee to pay tax at 1 per cent only. The Tribunal's interpretation was deemed erroneous as the tax liability should be determined under section 15, not section 14. The revision was allowed, and parties will bear their own costs. The case will be sent back to the Tribunal for further proceedings.