https://www.taxtmi.com/caselaws?id=164165 Wireless transmission projectors were held classifiable under the specific taxing entry for projectors rather than the lower-rate electronic systems entry or the residuary entry, because a specifically covered commodity cannot be moved to a broader or residual category. The claim for exemption on stock transfer was not adjudicated, as the Tribunal had only remanded that aspect for reconsideration. Price variation was treated as deductible only where the discount is reflected in the invoice as required by the rule, so a later credit-note adjustment did not qualify. Verification of proof of payment was directed for granting credit of tax actually paid, but the price variation deduction claim was rejected. en-us Wed, 04 Mar 2009 00:00:00 +0530 Fri, 18 Apr 2014 18:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164165 Wireless transmission projectors were held classifiable under the specific taxing entry for projectors rather than the lower-rate electronic systems entry or the residuary entry, because a specifically covered commodity cannot be moved to a broader or residual category. The claim for exemption on stock transfer was not adjudicated, as the Tribunal had only remanded that aspect for reconsideration. Price variation was treated as deductible only where the discount is reflected in the invoice as required by the rule, so a later credit-note adjustment did not qualify. Verification of proof of payment was directed for granting credit of tax actually paid, but the price variation deduction claim was rejected. Case-Laws VAT and Sales Tax Wed, 04 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164165