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    <title>2014 (4) TMI 1035 - MADRAS HIGH COURT</title>
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    <description>Where motor vehicles were invoiced on an all-inclusive price that covered entry tax, that tax formed part of the sale consideration for computing taxable turnover under the sales tax law. The assessee could not reduce the taxable value merely because the entry tax was adjustable against its own liability under the entry tax statute. On the invoice and surrounding records, the actual sale price charged included entry tax, so sales tax had to be computed on the full consideration. The assessment revision was therefore sustained.</description>
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      <description>Where motor vehicles were invoiced on an all-inclusive price that covered entry tax, that tax formed part of the sale consideration for computing taxable turnover under the sales tax law. The assessee could not reduce the taxable value merely because the entry tax was adjustable against its own liability under the entry tax statute. On the invoice and surrounding records, the actual sale price charged included entry tax, so sales tax had to be computed on the full consideration. The assessment revision was therefore sustained.</description>
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      <pubDate>Wed, 03 Jul 2013 00:00:00 +0530</pubDate>
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