https://www.taxtmi.com/caselaws?id=127279 Rule 18(2) read with rule 18(3) allowed a registered manufacturer to claim rebate for the month immediately preceding registration, because Form A9 expressly contemplated application for the previous month; the denial of rebate on a non-retrospectivity objection therefore failed. A sum of Rs. 1,10,000 held as a security deposit for borrowed oil drums was not sale consideration, because the oil was later returned in specie and no completed sale occurred when the amount was deposited; it was accordingly excluded from turnover. The assessee succeeded on both issues and the proposed assessment addition was rejected. en-us Wed, 06 Jan 1954 00:00:00 +0530 Wed, 06 Mar 2013 16:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127279 Rule 18(2) read with rule 18(3) allowed a registered manufacturer to claim rebate for the month immediately preceding registration, because Form A9 expressly contemplated application for the previous month; the denial of rebate on a non-retrospectivity objection therefore failed. A sum of Rs. 1,10,000 held as a security deposit for borrowed oil drums was not sale consideration, because the oil was later returned in specie and no completed sale occurred when the amount was deposited; it was accordingly excluded from turnover. The assessee succeeded on both issues and the proposed assessment addition was rejected. Case-Laws VAT and Sales Tax Wed, 06 Jan 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127279