https://www.taxtmi.com/caselaws?id=163047 Turnover tax levied on a joint development arrangement was sustained because the transaction was treated as a works contract on materially similar facts to an earlier Supreme Court ruling. The Karnataka High Court held that the Supreme Court's pronouncement on the definition and taxability of works contracts was binding under Article 141 and could not be displaced by reliance on other decisions. It observed that any reconsideration of that precedent had to be sought before the Supreme Court. The challenge to the levy therefore failed, and the writ petition dismissal was upheld. en-us Mon, 06 Aug 2007 00:00:00 +0530 Thu, 20 Mar 2014 17:46:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163047 Turnover tax levied on a joint development arrangement was sustained because the transaction was treated as a works contract on materially similar facts to an earlier Supreme Court ruling. The Karnataka High Court held that the Supreme Court's pronouncement on the definition and taxability of works contracts was binding under Article 141 and could not be displaced by reliance on other decisions. It observed that any reconsideration of that precedent had to be sought before the Supreme Court. The challenge to the levy therefore failed, and the writ petition dismissal was upheld. Case-Laws VAT and Sales Tax Mon, 06 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163047