1990 (1) TMI 294

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..... of the Third Schedule), while rice is taxable at the point of first sale in the State (vide item 22 of the Third Schedule). Explanation III to the Schedule says: "For the purposes of items 21 and 22, where a tax has been levied under this Act in respect of the sale or purchase inside the State of any paddy, the tax leviable on rice procured out of such paddy shall be reduced by the amount of tax .....

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..... ason to take a different view from that of the Tribunal. Tax is levied upon the turnover during the assessment year. Even where provisional assessments are made every month, or at different intervals, all of them are subject to a final assessment for the assessment year. In the circumstances, the Tribunal was justified in holding that the total liability of the assessee shall be determined taking .....

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