https://www.taxtmi.com/caselaws?id=249117 The Karnataka High Court ruled in favor of the assessee, holding that the deduction of land value from the total receipt of the builder is permissible for the assessment of VAT or Sales Tax. The court relied on a Supreme Court judgment to support this decision, emphasizing that only the value of the transfer of goods should be considered for tax assessment. The High Court disposed of the sales tax revision petitions without awarding costs, accepting the respondent's confirmation of tax payments. en-us Thu, 06 Feb 2014 00:00:00 +0530 Fri, 10 Oct 2014 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249117 The Karnataka High Court ruled in favor of the assessee, holding that the deduction of land value from the total receipt of the builder is permissible for the assessment of VAT or Sales Tax. The court relied on a Supreme Court judgment to support this decision, emphasizing that only the value of the transfer of goods should be considered for tax assessment. The High Court disposed of the sales tax revision petitions without awarding costs, accepting the respondent's confirmation of tax payments. Case-Laws VAT and Sales Tax Thu, 06 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249117