https://www.taxtmi.com/caselaws?id=382417 Rule 6(4)(m)(i) of the Karnataka Sales Tax Rules, 1957, read with Explanation III, was upheld as consistent with Section 5B of the Karnataka Sales Tax Act, 1957. The provision limits deduction to goods used in the same form in which they were purchased and excludes goods consumed or transformed in the manufacture of other goods. The statutory scheme was treated as preserving single taxation of the same goods, while allowing tax to attach to the resulting commodity where the purchased goods are converted into a different commercial product. Exemptions and concessions in tax law were noted to require strict construction. en-us Tue, 02 Jul 2019 00:00:00 +0530 Mon, 11 Nov 2024 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382417 Rule 6(4)(m)(i) of the Karnataka Sales Tax Rules, 1957, read with Explanation III, was upheld as consistent with Section 5B of the Karnataka Sales Tax Act, 1957. The provision limits deduction to goods used in the same form in which they were purchased and excludes goods consumed or transformed in the manufacture of other goods. The statutory scheme was treated as preserving single taxation of the same goods, while allowing tax to attach to the resulting commodity where the purchased goods are converted into a different commercial product. Exemptions and concessions in tax law were noted to require strict construction. Case-Laws VAT / Sales Tax Tue, 02 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382417