https://www.taxtmi.com/caselaws?id=218963 The Bombay High Court upheld the amended definition of "sale" in the Maharashtra Value Added Tax Act as applying only to construction transactions falling within the constitutional concept of a works contract, and not as extending beyond the State's taxing competence. It also sustained rule 58(1A) as a valid method for valuing the taxable goods component in construction contracts, including exclusion of land cost as a permissible deduction. The composition scheme notification under section 42(3A) and the related departmental notices were likewise upheld, the Court finding no arbitrariness, constitutional infirmity, or lack of statutory power. The writ petitions were dismissed. en-us Tue, 10 Apr 2012 00:00:00 +0530 Sat, 20 Sep 2014 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218963 The Bombay High Court upheld the amended definition of "sale" in the Maharashtra Value Added Tax Act as applying only to construction transactions falling within the constitutional concept of a works contract, and not as extending beyond the State's taxing competence. It also sustained rule 58(1A) as a valid method for valuing the taxable goods component in construction contracts, including exclusion of land cost as a permissible deduction. The composition scheme notification under section 42(3A) and the related departmental notices were likewise upheld, the Court finding no arbitrariness, constitutional infirmity, or lack of statutory power. The writ petitions were dismissed. Case-Laws VAT and Sales Tax Tue, 10 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218963