1976 (11) TMI 86 - AT - VAT and Sales Tax

Summary

The appeal involved whether M/s. Caprihans (India) Pvt. Ltd. can deduct the sale price of goods sold to the American Peace Corps from its gross turnover for the year 1970-71 under Delhi Sales Tax Rules. The Tribunal allowed the appeal based on certificates from the U.S. Embassy stating that the Peace Corps is exempt from sales tax, thus entitling the dealer to the deduction. (Case: 1976 (11) TMI 86 - ITAT DELHI)