https://www.taxtmi.com/caselaws?id=81592 Turnover tax is deductible from the sale price when determining assessable value for central excise purposes, and the deduction cannot be refused merely because the tax is remitted periodically to the taxing authority. The Tribunal applied the Supreme Court's principle on deductible taxes and followed its own earlier consistent ruling. The impugned order was set aside and the matter was remanded for fresh adjudication in accordance with those controlling decisions, with observance of natural justice and grant of personal hearing. en-us Mon, 04 Nov 1991 00:00:00 +0530 Mon, 27 Jun 2011 16:22:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81592 Turnover tax is deductible from the sale price when determining assessable value for central excise purposes, and the deduction cannot be refused merely because the tax is remitted periodically to the taxing authority. The Tribunal applied the Supreme Court's principle on deductible taxes and followed its own earlier consistent ruling. The impugned order was set aside and the matter was remanded for fresh adjudication in accordance with those controlling decisions, with observance of natural justice and grant of personal hearing. Case-Laws Central Excise Mon, 04 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81592