https://www.taxtmi.com/caselaws?id=251203 The Supreme Court set aside the Tribunal's decision, reinstating the adjudicating authority's order, except for the penalty imposed on the assessee. The Court found that the High Powered Committee had granted a tax concession, not just deferred payment of sales tax. The retained sales tax by the assessee was deemed part of the transaction value of the vehicles sold. The penalty imposed on the assessee was overturned due to their success before the Tribunal. en-us Wed, 03 Sep 2014 00:00:00 +0530 Mon, 27 Jul 2015 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251203 The Supreme Court set aside the Tribunal's decision, reinstating the adjudicating authority's order, except for the penalty imposed on the assessee. The Court found that the High Powered Committee had granted a tax concession, not just deferred payment of sales tax. The retained sales tax by the assessee was deemed part of the transaction value of the vehicles sold. The penalty imposed on the assessee was overturned due to their success before the Tribunal. Case-Laws Central Excise Wed, 03 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251203