https://www.taxtmi.com/caselaws?id=256969 The court ruled that pressure cookers should be taxed at 12.5% under the Fifth Schedule, not at 4% under Entry No. 6 of the Assam Value Added Tax Act. The imposition of penalties for tax default was invalidated due to insufficient reasoning and lack of application of mind in the penalty orders. The court upheld the Revenue's position on tax rates but set aside the penalties, disposing of the writ petitions and vacating interim orders. en-us Fri, 14 Nov 2014 00:00:00 +0530 Tue, 20 Oct 2015 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256969 The court ruled that pressure cookers should be taxed at 12.5% under the Fifth Schedule, not at 4% under Entry No. 6 of the Assam Value Added Tax Act. The imposition of penalties for tax default was invalidated due to insufficient reasoning and lack of application of mind in the penalty orders. The court upheld the Revenue's position on tax rates but set aside the penalties, disposing of the writ petitions and vacating interim orders. Case-Laws VAT and Sales Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256969