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of <h1>Supreme Court quashes higher tax rate notification, past transactions unaffected.</h1> <h3>Video Electronics Pvt. Ltd. and Another Versus State of Rajasthan and Another</h3> The Supreme Court quashed a notification imposing a uniform higher tax rate, with past transactions remaining unaffected. The writ petition was disposed ... Notification No. 4(23)FD/Gr. IV/83-45 dated January 15, 1986 (S.O. 165) quashed. All concerned parties will pay tax at the uniform higher rate. The Supreme Court quashed Notification No. 4(23)FD/Gr. IV/83-45 dated January 15, 1986. All parties to pay tax at a uniform higher rate. Past transactions not affected. Writ petition disposed of accordingly.
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