https://www.taxtmi.com/caselaws?id=156763 Additional tax under section 15A-I of the Bombay Sales Tax Act had to be computed on the tax legally payable after statutory set-off, drawback and similar adjustments, because the phrase "tax payable" was read in light of the Act and Rules governing assessment. The court rejected reliance on S. Kodar, holding that it concerned the character of additional sales tax, not the computation method, and held that the Statement of Objects and Reasons could not override clear statutory language. The 1984 amendment and trade circular did not justify a different computation, so liability remained confined to the net tax payable. en-us Tue, 10 Mar 1992 00:00:00 +0530 Tue, 24 Sep 2013 15:48:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156763 Additional tax under section 15A-I of the Bombay Sales Tax Act had to be computed on the tax legally payable after statutory set-off, drawback and similar adjustments, because the phrase "tax payable" was read in light of the Act and Rules governing assessment. The court rejected reliance on S. Kodar, holding that it concerned the character of additional sales tax, not the computation method, and held that the Statement of Objects and Reasons could not override clear statutory language. The 1984 amendment and trade circular did not justify a different computation, so liability remained confined to the net tax payable. Case-Laws VAT and Sales Tax Tue, 10 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156763