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1990 (8) TMI 350 - HC - VAT and Sales Tax
The High Court of Bombay addressed a sales tax reference regarding the forfeiture of tax collected by an assessee under the Bombay Sales Tax Act, 1959. The Court confirmed the legality of the forfeiture under section 46(2) of the Act, citing precedent that retrospective effect of Maharashtra Act No. 21 of 1962 does not violate the Constitution. The reference was answered in the affirmative.
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