https://www.taxtmi.com/caselaws?id=326988 The court set aside the tax assessment challenged by a Public Limited Company manufacturing chemicals, including fungicides, under the TNVAT Act and CST Act. The petitioner's claim for exemption under Entry 17A of the Fourth Schedule for the industrial preservative "Nipacides" was rejected by the first respondent, who imposed a 14.5% tax rate. The court ruled in favor of the petitioner, allowing them to submit necessary documents and pay 75% of the tax calculated at 5% for a fresh decision by the first respondent. The court emphasized a fair hearing and independent decision-making by the first respondent. en-us Fri, 01 Apr 2016 00:00:00 +0530 Sat, 30 Apr 2016 11:15:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326988 The court set aside the tax assessment challenged by a Public Limited Company manufacturing chemicals, including fungicides, under the TNVAT Act and CST Act. The petitioner's claim for exemption under Entry 17A of the Fourth Schedule for the industrial preservative "Nipacides" was rejected by the first respondent, who imposed a 14.5% tax rate. The court ruled in favor of the petitioner, allowing them to submit necessary documents and pay 75% of the tax calculated at 5% for a fresh decision by the first respondent. The court emphasized a fair hearing and independent decision-making by the first respondent. Case-Laws VAT and Sales Tax Fri, 01 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326988