2014 (1) TMI 49

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..... assessed with reference to the relevant tax rate therein applicable to the period - matter is remanded back to the Assessing Officer to work out the liability - Thus, taking the taxable turnover for the entire year, the taxable turnover up to the period 31st July 1996, has to be worked out to attract the liability at the rates specified therein and beyond that, the liability of the turnover has to .....

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..... of the case, the Appellate Tribunal is right in holding that the Additional Sales Tax cannot be levied if the taxable turnover is less than 100 crores ? 2. Whether, in the facts and circumstances of the case, Section 2(1)(aa) of the Additional Sales Tax Act, 1970 as amended by the Act 31 of 1996 is applicable even in a case where the taxable turnover is less than 100 crores for the year ? .....

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..... Officer to work out the liability based on the decision of this Court. Thus, taking the taxable turnover for the entire year, the taxable turnover up to the period 31st July 1996, has to be worked out to attract the liability at the rates specified therein and beyond that, the liability of the turnover has to be worked out based on the amended provision depending on the taxable turnover crossing & .....

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