https://www.taxtmi.com/caselaws?id=162821 Deduction under rule 29(xi) or rule 29(xii) of the Punjab General Sales Tax Rules, 1949 was held available where goods had already been subjected to tax under the statutory scheme, even if the first-stage seller had not physically remitted tax. The court read the expression "subjected to tax" in its plain sense and refused to add an extra condition of actual payment. It relied on the first-stage levy structure and the exemption or deferment mechanism, under which returns, taxable turnover and certificates operate as the statutory substitute for proof of payment. The reassessment orders and show cause notices based on the contrary view were quashed. en-us Tue, 04 Jul 2006 00:00:00 +0530 Fri, 14 Mar 2014 18:10:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162821 Deduction under rule 29(xi) or rule 29(xii) of the Punjab General Sales Tax Rules, 1949 was held available where goods had already been subjected to tax under the statutory scheme, even if the first-stage seller had not physically remitted tax. The court read the expression "subjected to tax" in its plain sense and refused to add an extra condition of actual payment. It relied on the first-stage levy structure and the exemption or deferment mechanism, under which returns, taxable turnover and certificates operate as the statutory substitute for proof of payment. The reassessment orders and show cause notices based on the contrary view were quashed. Case-Laws VAT and Sales Tax Tue, 04 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162821