https://www.taxtmi.com/caselaws?id=163501 Where a registered dealer bought goods at a concessional rate for self-use and later used or disposed of them contrary to the declaration, the statutory scheme required payment of the full rate of tax on the purchase price, with any contravention penalty operating additionally. The excess amount paid in consequence of the contravention could not be characterised as payment only under the penalty provision so as to deny set-off of tax. The High Court treated this as raising a real question of law and directed the Tribunal to refer the questions sought by the assessee. en-us Thu, 05 Aug 2004 00:00:00 +0530 Thu, 03 Apr 2014 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163501 Where a registered dealer bought goods at a concessional rate for self-use and later used or disposed of them contrary to the declaration, the statutory scheme required payment of the full rate of tax on the purchase price, with any contravention penalty operating additionally. The excess amount paid in consequence of the contravention could not be characterised as payment only under the penalty provision so as to deny set-off of tax. The High Court treated this as raising a real question of law and directed the Tribunal to refer the questions sought by the assessee. Case-Laws VAT and Sales Tax Thu, 05 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163501