https://www.taxtmi.com/caselaws?id=211055 The High Court upheld the decision of the Appellate Tribunal Value Added Tax regarding the interpretation of the proviso to Section 2(1)(zd) of the Delhi Value Added Tax Act, 2004. The court ruled that the proviso aimed to prevent ad valorem VAT increases due to Central Government price hikes. Once the prices were rolled back, the benefit of the proviso ceased to apply, and the State Government could withdraw the concession through notification. The court dismissed the appeals, finding no substantial legal questions and denying the appellants' claim for continued VAT reduction post-rollbacks. en-us Mon, 27 Feb 2012 00:00:00 +0530 Tue, 23 Sep 2014 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211055 The High Court upheld the decision of the Appellate Tribunal Value Added Tax regarding the interpretation of the proviso to Section 2(1)(zd) of the Delhi Value Added Tax Act, 2004. The court ruled that the proviso aimed to prevent ad valorem VAT increases due to Central Government price hikes. Once the prices were rolled back, the benefit of the proviso ceased to apply, and the State Government could withdraw the concession through notification. The court dismissed the appeals, finding no substantial legal questions and denying the appellants' claim for continued VAT reduction post-rollbacks. Case-Laws VAT and Sales Tax Mon, 27 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211055