https://www.taxtmi.com/caselaws?id=367974 The High Court dismissed the petition challenging the Notification inserting Entry No.82B in Schedule C to the MVAT Act, which levied VAT on repossessed motor vehicles sold by banks/financial institutions. The court found the petition premature as no proceedings had commenced under the MVAT Act. Emphasizing the importance of interpreting terms like "Seller" and "Dealer," the court held that the constitutional validity challenge could be raised later if necessary. The decision highlighted the significance of awaiting orders from the Authorities under the Act before challenging the impugned notification. en-us Fri, 21 Sep 2018 00:00:00 +0530 Sat, 29 Sep 2018 07:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367974 The High Court dismissed the petition challenging the Notification inserting Entry No.82B in Schedule C to the MVAT Act, which levied VAT on repossessed motor vehicles sold by banks/financial institutions. The court found the petition premature as no proceedings had commenced under the MVAT Act. Emphasizing the importance of interpreting terms like "Seller" and "Dealer," the court held that the constitutional validity challenge could be raised later if necessary. The decision highlighted the significance of awaiting orders from the Authorities under the Act before challenging the impugned notification. Case-Laws VAT and Sales Tax Fri, 21 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367974