HC remanded case to provide an opportunity to assessee to justify its claim of reduced rate of VAT o

CST & VAT: Where assessee claimed that during period 1-4-2005 to 30-3-2007 it had sold several used cars, which were purchased by it during this period, and relying upon Notification No. FD. 300. CSL.05, dated 24-10-2005 issued under section 4(3) of Karnataka Value Added Tax Act, 2003 admitted tax liability on sale of used cars at reduced rate of 4 per cent and lower authorities denied benefit of reduced rate of tax, matter was remanded to Assessing Authority to once again examination