https://www.taxtmi.com/caselaws?id=157925 The High Court of Madhya Pradesh ruled in favor of the assessee, M/s. Shankar Motor Stores, determining that axles sold by them are covered under entry 1 of Part I of Schedule II of the M.P. General Sales Tax Act, not as spare parts of motor vehicles. The Court highlighted that goods of special importance under section 14 of the Central Sales Tax Act should be taxed under entry 1 of Part I at a concessional rate of 4 percent. The tax authorities' classification of axles was upheld as correct. en-us Mon, 13 Mar 1995 00:00:00 +0530 Mon, 14 Oct 2013 10:24:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157925 The High Court of Madhya Pradesh ruled in favor of the assessee, M/s. Shankar Motor Stores, determining that axles sold by them are covered under entry 1 of Part I of Schedule II of the M.P. General Sales Tax Act, not as spare parts of motor vehicles. The Court highlighted that goods of special importance under section 14 of the Central Sales Tax Act should be taxed under entry 1 of Part I at a concessional rate of 4 percent. The tax authorities' classification of axles was upheld as correct. Case-Laws VAT and Sales Tax Mon, 13 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157925