https://www.taxtmi.com/caselaws?id=164271 Under the compounded tax scheme, prior-year purchase tax liability under section 5A had to be included in computing tax under section 7(1)(a) after the Explanation inserted by the Finance Act, 1997. The court distinguished earlier authority dealing with a separate exemption notification and relied on prior precedent favouring the Revenue. It declined to decide the broader position before the Explanation, but held that exemption could not be claimed to exclude the section 5A liability for the later assessment years. The assessment was to be re-fixed accordingly, with relief confined to 1998-99. en-us Tue, 24 Feb 2009 00:00:00 +0530 Mon, 21 Apr 2014 16:18:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164271 Under the compounded tax scheme, prior-year purchase tax liability under section 5A had to be included in computing tax under section 7(1)(a) after the Explanation inserted by the Finance Act, 1997. The court distinguished earlier authority dealing with a separate exemption notification and relied on prior precedent favouring the Revenue. It declined to decide the broader position before the Explanation, but held that exemption could not be claimed to exclude the section 5A liability for the later assessment years. The assessment was to be re-fixed accordingly, with relief confined to 1998-99. Case-Laws VAT and Sales Tax Tue, 24 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164271