https://www.taxtmi.com/caselaws?id=128322 For computing licence fee under the concessional scheme in section 5, turnover must be read contextually as only the turnover covered by the exemption, reduction, or single-point levy, not the dealer's entire taxable turnover. The court reasoned that section 5 and section 6-A make the benefit conditional on obtaining and complying with the licence, while Rule 6's graded fee structure would be undermined if all turnover were included. The licence fee was therefore confined to the portion of turnover eligible for section 5 treatment, and the Revenue's interpretation was accepted. en-us Thu, 17 Nov 1960 00:00:00 +0530 Tue, 02 Apr 2013 10:13:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128322 For computing licence fee under the concessional scheme in section 5, turnover must be read contextually as only the turnover covered by the exemption, reduction, or single-point levy, not the dealer's entire taxable turnover. The court reasoned that section 5 and section 6-A make the benefit conditional on obtaining and complying with the licence, while Rule 6's graded fee structure would be undermined if all turnover were included. The licence fee was therefore confined to the portion of turnover eligible for section 5 treatment, and the Revenue's interpretation was accepted. Case-Laws VAT and Sales Tax Thu, 17 Nov 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128322