https://www.taxtmi.com/caselaws?id=385807 Section 4-BB of the U.P. Trade Tax Act, 1948 allowed set-off only against tax payable on the sale of notified goods, and the benefit had to be worked out by deduction when that sale tax became payable. The relevant notifications made the concession optional; by charging full tax on the sale of tubular poles instead of deducting the tax paid on raw material, the assessee was treated as having opted out of the scheme. A later claim at the assessment stage could not revive a set-off that had not been taken in the manner and at the time required by the statutory scheme. en-us Fri, 13 Sep 2019 00:00:00 +0530 Sat, 14 Sep 2019 10:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385807 Section 4-BB of the U.P. Trade Tax Act, 1948 allowed set-off only against tax payable on the sale of notified goods, and the benefit had to be worked out by deduction when that sale tax became payable. The relevant notifications made the concession optional; by charging full tax on the sale of tubular poles instead of deducting the tax paid on raw material, the assessee was treated as having opted out of the scheme. A later claim at the assessment stage could not revive a set-off that had not been taken in the manner and at the time required by the statutory scheme. Case-Laws VAT and Sales Tax Fri, 13 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385807