https://www.taxtmi.com/caselaws?id=106249 Stainless steel strips were held to fall under item 71 of the Maharashtra Municipalities (Octroi) Rules, 1974 because the evidence showed the goods were ferrous in character and the Corporation did not prove coverage under item 77 for non-ferrous metals. The classification therefore attracted octroi at the lower rate, not the higher rate. On subsequent years, the earlier determination on the nature of the goods could continue to govern because res judicata does not strictly apply in tax matters, but a prior finding on a fundamental and unchanged factual aspect may remain controlling absent any change in goods or circumstances. The settled classification was therefore not open to reopening on the facts stated. en-us Fri, 14 Sep 2007 00:00:00 +0530 Thu, 13 Nov 2014 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106249 Stainless steel strips were held to fall under item 71 of the Maharashtra Municipalities (Octroi) Rules, 1974 because the evidence showed the goods were ferrous in character and the Corporation did not prove coverage under item 77 for non-ferrous metals. The classification therefore attracted octroi at the lower rate, not the higher rate. On subsequent years, the earlier determination on the nature of the goods could continue to govern because res judicata does not strictly apply in tax matters, but a prior finding on a fundamental and unchanged factual aspect may remain controlling absent any change in goods or circumstances. The settled classification was therefore not open to reopening on the facts stated. Case-Laws Indian Laws Fri, 14 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106249