https://www.taxtmi.com/caselaws?id=158851 The judgment addressed the assessee's entitlement to deferral of sales tax liability as per the agreement with the State, allowing deferral after meeting base production and sales levels. The interpretation of the agreement determined the deferral of various tax liabilities. Disagreements arose over additional sales tax calculations based on turnover. The court emphasized deferring additional sales tax from new capacity sales to support working capital. The Tribunal's error in demanding extra tax payments led to the judgment setting aside their order, granting the writ petition in favor of the assessee to defer tax liabilities per the agreement's terms. en-us Thu, 18 Dec 2003 00:00:00 +0530 Fri, 08 Nov 2013 15:01:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158851 The judgment addressed the assessee's entitlement to deferral of sales tax liability as per the agreement with the State, allowing deferral after meeting base production and sales levels. The interpretation of the agreement determined the deferral of various tax liabilities. Disagreements arose over additional sales tax calculations based on turnover. The court emphasized deferring additional sales tax from new capacity sales to support working capital. The Tribunal's error in demanding extra tax payments led to the judgment setting aside their order, granting the writ petition in favor of the assessee to defer tax liabilities per the agreement's terms. Case-Laws VAT and Sales Tax Thu, 18 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158851