https://www.taxtmi.com/caselaws?id=234171 The High Court ruled in favor of the appellant in an appeal against an order under the Delhi Value Added Tax Act, 2004, regarding disputed additional demand and penalties. The core issue was the interpretation of the applicable tax rate for Paraffin wax, with the appellant advocating for a 4% rate while the revenue asserted a 20% rate. The Court found the Tribunal's interpretation erroneous, emphasizing that Entry No. 120 covered most grades of Paraffin wax, warranting a 4% tax rate. The Court set aside the order requiring the deposit of disputed amounts and directed the Tribunal to expedite the appeal process within six weeks. en-us Wed, 15 May 2013 00:00:00 +0530 Mon, 08 Sep 2014 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234171 The High Court ruled in favor of the appellant in an appeal against an order under the Delhi Value Added Tax Act, 2004, regarding disputed additional demand and penalties. The core issue was the interpretation of the applicable tax rate for Paraffin wax, with the appellant advocating for a 4% rate while the revenue asserted a 20% rate. The Court found the Tribunal's interpretation erroneous, emphasizing that Entry No. 120 covered most grades of Paraffin wax, warranting a 4% tax rate. The Court set aside the order requiring the deposit of disputed amounts and directed the Tribunal to expedite the appeal process within six weeks. Case-Laws VAT and Sales Tax Wed, 15 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234171