https://www.taxtmi.com/caselaws?id=158954 The High Court upheld the Tribunal's decision, emphasizing that rules are subservient to the Act, and the Act's provisions must be given full effect. The Court found no referable question of law, dismissing the application as devoid of merit. The Tribunal's interpretation allowing assessment at concessional rates for raw materials consumed was upheld, stating that rule 20-B does not bar the operation of section 7(2) of the Act for levy of purchase tax at concessional rates. The parties were left to bear their own costs, and the application was dismissed. en-us Thu, 01 Feb 1996 00:00:00 +0530 Mon, 11 Nov 2013 16:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158954 The High Court upheld the Tribunal's decision, emphasizing that rules are subservient to the Act, and the Act's provisions must be given full effect. The Court found no referable question of law, dismissing the application as devoid of merit. The Tribunal's interpretation allowing assessment at concessional rates for raw materials consumed was upheld, stating that rule 20-B does not bar the operation of section 7(2) of the Act for levy of purchase tax at concessional rates. The parties were left to bear their own costs, and the application was dismissed. Case-Laws VAT and Sales Tax Thu, 01 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158954