https://www.taxtmi.com/caselaws?id=251004 Cutting tools such as drill bits, reamers, cutters and taps used with machinery were treated as parts or accessories taxable under entry 52 of the Karnataka Tax on Entry of Goods Act, 1979, because their utility arose in combination with machinery and prior binding precedent on the same goods controlled. The plea that they were merely consumables was rejected, since wear or consumption in use did not alter their taxable character under the governing entry. The Court also held that a ruling under the Karnataka Sales Tax Act, 1957 and related circulars or notifications could not be imported to construe liability under a different fiscal statute. The Tribunal's orders were set aside and the levy under entry 52 was restored. en-us Thu, 28 Jun 2012 00:00:00 +0530 Mon, 01 Sep 2014 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251004 Cutting tools such as drill bits, reamers, cutters and taps used with machinery were treated as parts or accessories taxable under entry 52 of the Karnataka Tax on Entry of Goods Act, 1979, because their utility arose in combination with machinery and prior binding precedent on the same goods controlled. The plea that they were merely consumables was rejected, since wear or consumption in use did not alter their taxable character under the governing entry. The Court also held that a ruling under the Karnataka Sales Tax Act, 1957 and related circulars or notifications could not be imported to construe liability under a different fiscal statute. The Tribunal's orders were set aside and the levy under entry 52 was restored. Case-Laws VAT and Sales Tax Thu, 28 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251004