https://www.taxtmi.com/caselaws?id=168958 For levy of tax under the Kerala Motor Vehicles Taxation Act, 1976, "purchase value" is confined to the value shown in the original purchase invoice. The definition in section 2(e) is exhaustive because it uses the word "means", and the proviso confirms that comparable valuation is used only where the invoice is unavailable. VAT and any additional tax element reflected in or added to the invoice value are not part of purchase value. Tax under the Act must therefore be computed only on the invoice value, and a contrary demand is unsustainable. en-us Tue, 27 Aug 2013 00:00:00 +0530 Mon, 06 Apr 2015 20:05:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168958 For levy of tax under the Kerala Motor Vehicles Taxation Act, 1976, "purchase value" is confined to the value shown in the original purchase invoice. The definition in section 2(e) is exhaustive because it uses the word "means", and the proviso confirms that comparable valuation is used only where the invoice is unavailable. VAT and any additional tax element reflected in or added to the invoice value are not part of purchase value. Tax under the Act must therefore be computed only on the invoice value, and a contrary demand is unsustainable. Case-Laws VAT and Sales Tax Tue, 27 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168958