1995 (7) TMI 404 - HC - VAT and Sales Tax

Summary

The High Court of Madras set aside the Tribunal's order regarding the addition of notional profit to the value of paper consumed in a works contract. The Court remitted the issue back to the assessing officer to re-do the assessment in accordance with the new provision under section 3-B of the Tamil Nadu General Sales Tax Act, 1959. The tax case revision filed by the department was allowed.