J.K.Jain's Vat Reporter--Vol.25-part 3--Highlights

1. Penalty for evasion of taxPenalty can not be imposed merely on some suspicion--Read Supreme Court judgment in 25 J.K.Jain's Vat Reporter 47.
2. Purposive and beneficial interpretation in favour of the Assessee--Read Rajasthan High Court judgment in 25 J.K.Jain's Vat Reporter 59.
3. Misuse of declaration Form ST-17Debatable issue of imposition of taxno penalty is leviable--Read Rajasthan High Court judgment in 25 J.K.Jain's Vat Reporter 56.
4. “Branded potato chips”--Read Editorial Comments on Classification adjudged by Rajasthan Tax Board, in 25 J.K.Jain's Vat Reporter 73.
5. Sale of motor vehicles from Branch office in other State to avail benefits of lower tax rate--Sale was held to be co-terminus with registration of a new motor vehicle in other State--Read Supreme Court judgment in 25 J.K.Jain's Vat Reporter 47.
6. Concessional rate of tax on Raw Material used in manufacture of goodsOther articles used in processing/manufacturing  of goods are also liable to be taxed at concessional rate of tax--Read Rajasthan High Court judgment in 25 J.K.Jain's Vat Reporter 59.