https://www.taxtmi.com/caselaws?id=165423 The proviso to section 2(1)(a)(i) of the Tamil Nadu Additional Sales Tax Act, 1970 required the first Rs. 10 lakhs to be excluded where the admitted taxable turnover did not exceed Rs. 1 crore. After that exclusion, only the remaining turnover was chargeable at the rate applicable under section 8(2)(b) of the Central Sales Tax Act, 1956. The deduction attributable to iron scrap was also allowed, which further reduced the taxable balance. On that basis, the assessee's liability was confined to tax at 10 per cent on the reduced balance turnover. en-us Wed, 06 Jan 2010 00:00:00 +0530 Sat, 18 Oct 2014 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165423 The proviso to section 2(1)(a)(i) of the Tamil Nadu Additional Sales Tax Act, 1970 required the first Rs. 10 lakhs to be excluded where the admitted taxable turnover did not exceed Rs. 1 crore. After that exclusion, only the remaining turnover was chargeable at the rate applicable under section 8(2)(b) of the Central Sales Tax Act, 1956. The deduction attributable to iron scrap was also allowed, which further reduced the taxable balance. On that basis, the assessee's liability was confined to tax at 10 per cent on the reduced balance turnover. Case-Laws VAT and Sales Tax Wed, 06 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165423