https://www.taxtmi.com/caselaws?id=362841 Karnataka HC held that a registered dealer is liable to purchase tax on taxable goods bought from unregistered dealers and used in the course of business, including development of its own property, because such activity falls within the statutory meaning of business and the absence of resale does not avoid liability. It also held that revisional jurisdiction was properly invoked where the appellate order was erroneous and prejudicial to revenue. The court therefore upheld both the revision and the levy of purchase tax, and the assessee's challenge failed on merits and jurisdiction. en-us Tue, 26 Jun 2018 00:00:00 +0530 Sat, 16 Mar 2019 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362841 Karnataka HC held that a registered dealer is liable to purchase tax on taxable goods bought from unregistered dealers and used in the course of business, including development of its own property, because such activity falls within the statutory meaning of business and the absence of resale does not avoid liability. It also held that revisional jurisdiction was properly invoked where the appellate order was erroneous and prejudicial to revenue. The court therefore upheld both the revision and the levy of purchase tax, and the assessee's challenge failed on merits and jurisdiction. Case-Laws VAT and Sales Tax Tue, 26 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362841