https://www.taxtmi.com/caselaws?id=264606 A levy under the Bihar Value Added Tax Act that taxed bonus or free-supply goods on their maximum retail price was beyond legislative competence because the tax measure had no nexus with the actual taxable sale event. The court applied the principle that, under Entry 54 of List II and Article 366(29-A), the measure of tax on sale of goods must be connected to a completed sale and cannot rest on a notional or hypothetical value. Section 15(5) and the related notification were therefore ultra vires, and assessment and revisional orders founded on them could not stand. en-us Mon, 04 May 2015 00:00:00 +0530 Sat, 04 Jun 2016 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264606 A levy under the Bihar Value Added Tax Act that taxed bonus or free-supply goods on their maximum retail price was beyond legislative competence because the tax measure had no nexus with the actual taxable sale event. The court applied the principle that, under Entry 54 of List II and Article 366(29-A), the measure of tax on sale of goods must be connected to a completed sale and cannot rest on a notional or hypothetical value. Section 15(5) and the related notification were therefore ultra vires, and assessment and revisional orders founded on them could not stand. Case-Laws VAT and Sales Tax Mon, 04 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264606