Monday 14 September 2015

Dept. couldn't forfeit taxes collected by 'Indian Oil' on petrol when it was a taxable commodity

CST & VAT : Assam VAT - Where assessee purchased oil products from two oil companies after payment of tax and sold same to dealers in Assam and collected taxes from them, since oil companies were not specified oil companies at that time and goods were not exempted goods, levy of penalty was bad in law

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