https://www.taxtmi.com/caselaws?id=153374 Section 98A of the Karnataka Forest Act was upheld as a valid levy on forest produce sold by the State, because the transactions were in substance sales and the tax fell within State taxing power. The Court rejected challenges based on discrimination, double taxation, absence of quid pro quo, and alleged excise character, and applied the principle that the substance of the transaction prevails over its label. However, the provision was held prospective only, so forest development tax could not be recovered on instalments falling due after 24 December 1975 where the underlying sale contracts had been completed before that date. en-us Fri, 20 Mar 1981 00:00:00 +0530 Mon, 22 Jul 2013 18:48:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153374 Section 98A of the Karnataka Forest Act was upheld as a valid levy on forest produce sold by the State, because the transactions were in substance sales and the tax fell within State taxing power. The Court rejected challenges based on discrimination, double taxation, absence of quid pro quo, and alleged excise character, and applied the principle that the substance of the transaction prevails over its label. However, the provision was held prospective only, so forest development tax could not be recovered on instalments falling due after 24 December 1975 where the underlying sale contracts had been completed before that date. Case-Laws VAT and Sales Tax Fri, 20 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153374