https://www.taxtmi.com/caselaws?id=345910 The High Court classified "Ujala Supreme" under Entry 119 of Schedule-IV Part-B, applying a lower tax rate. The court upheld the deletion of additional tax, interest, and penalty imposed by the Assessing Officer, emphasizing the product's classification as an industrial input based on relevant case law, including a Supreme Court decision. The court found no grounds for penalty under Section 61, as the dispute centered on product classification without evidence of tax evasion. The High Court ruled in favor of the respondent on both issues, dismissing the petitions. en-us Wed, 26 Jul 2017 00:00:00 +0530 Fri, 05 Jan 2018 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345910 The High Court classified "Ujala Supreme" under Entry 119 of Schedule-IV Part-B, applying a lower tax rate. The court upheld the deletion of additional tax, interest, and penalty imposed by the Assessing Officer, emphasizing the product's classification as an industrial input based on relevant case law, including a Supreme Court decision. The court found no grounds for penalty under Section 61, as the dispute centered on product classification without evidence of tax evasion. The High Court ruled in favor of the respondent on both issues, dismissing the petitions. Case-Laws VAT and Sales Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345910