https://www.taxtmi.com/caselaws?id=284573 Where a dealer maintained separate accounts and the input tax relating to exempt and taxable goods was identifiable, Rule 131's apportionment formula could not be applied mechanically; directly relatable input tax had to be allowed or disallowed on the basis of the actual accounts, and the restriction was set aside. A solitary or occasional sale of old vehicles, unconnected with the dealer's regular business and lacking the attributes of volume, continuity, regularity and profit motive, did not constitute business turnover, so tax on that sale was not leviable. The reassessment was directed to be revised accordingly. en-us Wed, 26 Sep 2018 00:00:00 +0530 Wed, 27 Nov 2019 09:52:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284573 Where a dealer maintained separate accounts and the input tax relating to exempt and taxable goods was identifiable, Rule 131's apportionment formula could not be applied mechanically; directly relatable input tax had to be allowed or disallowed on the basis of the actual accounts, and the restriction was set aside. A solitary or occasional sale of old vehicles, unconnected with the dealer's regular business and lacking the attributes of volume, continuity, regularity and profit motive, did not constitute business turnover, so tax on that sale was not leviable. The reassessment was directed to be revised accordingly. Case-Laws VAT and Sales Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284573