https://www.taxtmi.com/caselaws?id=165818 A taxing provision must be applied according to its plain language, and the third proviso to section 5(3)(a) of the Karnataka Sales Tax Act was not extended to branded goods transactions not contemplated by its terms; the assessee's sale structure, though tax-motivated, was not treated as a sham, and the Tribunal's finding in favour of the assessee was upheld on that issue. On limitation, the existence of a deferment order under section 12(6) saved the assessment for 1991-92 from being time-barred, so the Tribunal's limitation finding was set aside and the issue was decided for the Revenue. en-us Wed, 14 Jul 2010 00:00:00 +0530 Wed, 01 Oct 2014 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165818 A taxing provision must be applied according to its plain language, and the third proviso to section 5(3)(a) of the Karnataka Sales Tax Act was not extended to branded goods transactions not contemplated by its terms; the assessee's sale structure, though tax-motivated, was not treated as a sham, and the Tribunal's finding in favour of the assessee was upheld on that issue. On limitation, the existence of a deferment order under section 12(6) saved the assessment for 1991-92 from being time-barred, so the Tribunal's limitation finding was set aside and the issue was decided for the Revenue. Case-Laws VAT and Sales Tax Wed, 14 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165818