https://www.taxtmi.com/caselaws?id=264015 VAT on developers' works contracts could be levied only on the value of goods transferred in execution of the contract, not on the value of immovable property or land. The earlier Division Bench ruling had also read down Rule 25(2) to conform to the constitutional requirement and directed corresponding changes. Applying that position, assessment and revisional orders founded on inclusion of land value in the taxable turnover were to be set aside. Where only notices had been issued, proceedings could continue in accordance with the legal position already declared. en-us Fri, 24 Jul 2015 00:00:00 +0530 Tue, 15 Sep 2015 07:18:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264015 VAT on developers' works contracts could be levied only on the value of goods transferred in execution of the contract, not on the value of immovable property or land. The earlier Division Bench ruling had also read down Rule 25(2) to conform to the constitutional requirement and directed corresponding changes. Applying that position, assessment and revisional orders founded on inclusion of land value in the taxable turnover were to be set aside. Where only notices had been issued, proceedings could continue in accordance with the legal position already declared. Case-Laws VAT and Sales Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264015