https://www.taxtmi.com/caselaws?id=247832 The High Court of Madras ruled in favor of the assessee in a tax assessment case concerning the classification of fan belts for automobiles, two wheelers, and tractors. The Court held that the fan belts should be considered as automobile parts and accessories, not as general rubber products, based on specific entries in the First Schedule. The Court rejected the Revenue's argument and dismissed the Tax Case Revisions, emphasizing the distinction between parts and accessories of vehicles and general rubber products in determining the applicable tax treatment. en-us Fri, 05 Aug 2011 00:00:00 +0530 Wed, 24 Sep 2014 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247832 The High Court of Madras ruled in favor of the assessee in a tax assessment case concerning the classification of fan belts for automobiles, two wheelers, and tractors. The Court held that the fan belts should be considered as automobile parts and accessories, not as general rubber products, based on specific entries in the First Schedule. The Court rejected the Revenue's argument and dismissed the Tax Case Revisions, emphasizing the distinction between parts and accessories of vehicles and general rubber products in determining the applicable tax treatment. Case-Laws VAT and Sales Tax Fri, 05 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247832