https://www.taxtmi.com/caselaws?id=337122 The court concluded that "Swad" is classified as an Ayurvedic medicine and should be taxed at 6% rather than 10% as a confectionery item. The court upheld the Tax Board's decision, emphasizing the medicinal properties of the ingredients and the lack of evidence to support the confectionery classification. The court also ruled that interest on the differential tax rate was not applicable due to the incorrect classification by the Assessing Officer. The decision favored the assessee, dismissing the revenue's challenges and upholding the Tax Board's decision. en-us Fri, 25 Nov 2016 00:00:00 +0530 Wed, 28 Mar 2018 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337122 The court concluded that "Swad" is classified as an Ayurvedic medicine and should be taxed at 6% rather than 10% as a confectionery item. The court upheld the Tax Board's decision, emphasizing the medicinal properties of the ingredients and the lack of evidence to support the confectionery classification. The court also ruled that interest on the differential tax rate was not applicable due to the incorrect classification by the Assessing Officer. The decision favored the assessee, dismissing the revenue's challenges and upholding the Tax Board's decision. Case-Laws VAT and Sales Tax Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337122