https://www.taxtmi.com/caselaws?id=162821 The court held that dealers are entitled to deduct the purchase value of goods from exempted units under rule 29(xii) of the Punjab General Sales Tax Rules, 1949. The phrase "subjected to tax" does not require actual payment of tax but only that the goods have been assessed to tax. Reassessment and revision orders based on an incorrect interpretation were deemed invalid, and the court quashed them. The petitioners were granted the deductions, and the writ petitions were disposed of with no order as to costs. 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 The court held that dealers are entitled to deduct the purchase value of goods from exempted units under rule 29(xii) of the Punjab General Sales Tax Rules, 1949. The phrase "subjected to tax" does not require actual payment of tax but only that the goods have been assessed to tax. Reassessment and revision orders based on an incorrect interpretation were deemed invalid, and the court quashed them. The petitioners were granted the deductions, and the writ petitions were disposed of with no order as to costs. Case-Laws VAT and Sales Tax Tue, 04 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162821