Assessment of tax - calculation and clubbing of turnover of two ...

Case Laws VAT and Sales Tax

December 28, 2022

Assessment of tax - calculation and clubbing of turnover of two units - sister concern or independent entities - The act of the petitioner herein is an attempt to swindle exchequer's money by evading payment of tax and if the contention of the petitioner that Tirupur Sree Annapoorna Hotel and Sree Annapoorna Sweets are independent entities is accepted, then the term "sister concern" will become diluted and all the firms will adopt the same tactics of creation of one or more sister concerns under one umbrella with different names and claim the benefit of tax. In that event, it will defeat the real intention of the legislature. - HC

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Assessment of tax - calculation and clubbing of turnover of two ...

Case Laws VAT and Sales Tax

December 28, 2022

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