https://www.taxtmi.com/caselaws?id=246401 The Tribunal confirmed the duty demand of Rs. 4,06,412/- and imposed an equal penalty on the appellant for retaining 50% of sales tax collected under the Haryana General Sales Tax Act, 1973. Relying on a previous decision, the Tribunal held that the retained amount did not alter its nature as sales tax payable, as it was adjusted for a capital subsidy. The Tribunal distinguished other cases and emphasized that the sales tax collected should be deemed as sales tax payable. Consequently, the appeal was allowed in favor of the appellant, highlighting the importance of consistent legal interpretation based on established principles and precedents. en-us Fri, 02 Mar 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:14:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246401 The Tribunal confirmed the duty demand of Rs. 4,06,412/- and imposed an equal penalty on the appellant for retaining 50% of sales tax collected under the Haryana General Sales Tax Act, 1973. Relying on a previous decision, the Tribunal held that the retained amount did not alter its nature as sales tax payable, as it was adjusted for a capital subsidy. The Tribunal distinguished other cases and emphasized that the sales tax collected should be deemed as sales tax payable. Consequently, the appeal was allowed in favor of the appellant, highlighting the importance of consistent legal interpretation based on established principles and precedents. Case-Laws Central Excise Fri, 02 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246401