https://www.taxtmi.com/caselaws?id=236202 The High Court concluded that Methanol and Methyl Alcohol are the same commodity based on scientific and common parlance definitions. The court held that the correct tax rate for Methanol should be 12% plus 1% under the U.P. Sales Tax Act and the Central Sales Tax Act, overturning the Tribunal's decision to tax it at 7% plus 1%. The principle of res judicata was deemed inapplicable in tax matters, emphasizing adherence to prescribed tax rates over prior inconsistent assessments. The court emphasized that in tax classification, both scientific definitions and common parlance supported the conclusion that Methanol and Methyl Alcohol are synonymous. en-us Wed, 07 Aug 2013 00:00:00 +0530 Tue, 29 Sep 2015 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236202 The High Court concluded that Methanol and Methyl Alcohol are the same commodity based on scientific and common parlance definitions. The court held that the correct tax rate for Methanol should be 12% plus 1% under the U.P. Sales Tax Act and the Central Sales Tax Act, overturning the Tribunal's decision to tax it at 7% plus 1%. The principle of res judicata was deemed inapplicable in tax matters, emphasizing adherence to prescribed tax rates over prior inconsistent assessments. The court emphasized that in tax classification, both scientific definitions and common parlance supported the conclusion that Methanol and Methyl Alcohol are synonymous. Case-Laws VAT and Sales Tax Wed, 07 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236202