1977 (3) TMI 54 - AT - Income Tax

Summary

The appellate tribunal upheld the decision of the first appellate court, ruling that bus and truck bodies are components of motor vehicles and not spare parts, therefore should be taxed at 5% and not 12%. The appeal filed by the State was dismissed. (Case: Commissioner of Sales Tax v. [Respondent], Citation: 1977 (3) TMI 54 - ITAT CUTTACK)