https://www.taxtmi.com/caselaws?id=172056 Additional sales tax under section 2(1)(aa) of the Additional Sales Tax Act, 1970, had to be computed for assessment year 1996-97 by taking the taxable turnover for the entire year, while applying the pre-amendment regime to turnover up to 31 July 1996 and the amended provision to the balance period. The statutory threshold of Rs. 100 crores remained relevant to determine whether the amended levy applied for the year as a whole. The Tribunal's approach to the levy issue was not sustainable, and the matter was remanded to the assessing officer for recomputation under the amended statutory scheme. en-us Wed, 03 Jul 2013 00:00:00 +0530 Tue, 11 Aug 2015 19:29:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172056 Additional sales tax under section 2(1)(aa) of the Additional Sales Tax Act, 1970, had to be computed for assessment year 1996-97 by taking the taxable turnover for the entire year, while applying the pre-amendment regime to turnover up to 31 July 1996 and the amended provision to the balance period. The statutory threshold of Rs. 100 crores remained relevant to determine whether the amended levy applied for the year as a whole. The Tribunal's approach to the levy issue was not sustainable, and the matter was remanded to the assessing officer for recomputation under the amended statutory scheme. Case-Laws VAT and Sales Tax Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172056