https://www.taxtmi.com/caselaws?id=160336 For turnover-tax rate fixation on a broken period created by a change in accounting year, the relevant turnover is that of the whole accounting year to which the period belongs, not the isolated broken period. The rate under section 6B(3) of the Bengal Finance (Sales Tax) Act, 1941 depends on the aggregate gross turnover for that year, and a later approval of a change in accounting year cannot retrospectively validate an earlier effective date after the year has expired. The reference to consolidated accounts under section 210 of the Companies Act, 1956 did not alter the statutory basis for rate determination. On that basis, the higher turnover-tax rate applied. en-us Thu, 05 Nov 1998 00:00:00 +0530 Mon, 16 Dec 2013 14:22:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160336 For turnover-tax rate fixation on a broken period created by a change in accounting year, the relevant turnover is that of the whole accounting year to which the period belongs, not the isolated broken period. The rate under section 6B(3) of the Bengal Finance (Sales Tax) Act, 1941 depends on the aggregate gross turnover for that year, and a later approval of a change in accounting year cannot retrospectively validate an earlier effective date after the year has expired. The reference to consolidated accounts under section 210 of the Companies Act, 1956 did not alter the statutory basis for rate determination. On that basis, the higher turnover-tax rate applied. Case-Laws VAT and Sales Tax Thu, 05 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160336