https://www.taxtmi.com/caselaws?id=259622 Industrial air compressors meant for ultimate industrial use were treated as capital goods eligible for concessional tax even when sold through distributors, because the rate did not change merely on the channel of sale; the concessional claim was therefore required to be reconsidered. The assessment of input tax credit reversal for 2011-2012 also required fresh examination in light of available 'C' declaration forms and the later Advance Ruling Authority clarification, with an opportunity for the assessee to produce records. The assessment orders were set aside and the matters remitted for fresh decision after hearing the assessee and considering the relevant materials. en-us Wed, 15 Oct 2014 00:00:00 +0530 Tue, 22 Sep 2015 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259622 Industrial air compressors meant for ultimate industrial use were treated as capital goods eligible for concessional tax even when sold through distributors, because the rate did not change merely on the channel of sale; the concessional claim was therefore required to be reconsidered. The assessment of input tax credit reversal for 2011-2012 also required fresh examination in light of available 'C' declaration forms and the later Advance Ruling Authority clarification, with an opportunity for the assessee to produce records. The assessment orders were set aside and the matters remitted for fresh decision after hearing the assessee and considering the relevant materials. Case-Laws VAT and Sales Tax Wed, 15 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259622