https://www.taxtmi.com/caselaws?id=187799 The High Court ruled in favor of the assessee in a case involving a depreciation rate calculation discrepancy and the inclusion of sales tax realized in taxable turnover. The Court allowed depreciation at 30% instead of 25%, emphasizing that past rates do not dictate the current rate. Regarding the sales tax issue, the Court held that the sales tax recovered should not be included in the taxable turnover, following a Supreme Court decision. The Court granted the revision, awarded costs of Rs. 200, and modified the Tribunal's order accordingly. en-us Tue, 18 Oct 1983 00:00:00 +0530 Mon, 07 Nov 2016 14:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187799 The High Court ruled in favor of the assessee in a case involving a depreciation rate calculation discrepancy and the inclusion of sales tax realized in taxable turnover. The Court allowed depreciation at 30% instead of 25%, emphasizing that past rates do not dictate the current rate. Regarding the sales tax issue, the Court held that the sales tax recovered should not be included in the taxable turnover, following a Supreme Court decision. The Court granted the revision, awarded costs of Rs. 200, and modified the Tribunal's order accordingly. Case-Laws VAT and Sales Tax Tue, 18 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187799