https://www.taxtmi.com/caselaws?id=405210 In a works-contract setting involving apartment construction, the Karnataka VAT scheme was read together with the Supreme Court's later clarification that tax is payable only on the value of goods incorporated after the purchaser's agreement, not on the immovable property component. Because the Tribunal had sustained levy without applying that binding position, its determination could not stand. The order was quashed and the matter remanded for fresh decision on the assessee's liability in accordance with the law declared by the Supreme Court. en-us Sat, 06 Mar 2021 00:00:00 +0530 Sat, 13 Mar 2021 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405210 In a works-contract setting involving apartment construction, the Karnataka VAT scheme was read together with the Supreme Court's later clarification that tax is payable only on the value of goods incorporated after the purchaser's agreement, not on the immovable property component. Because the Tribunal had sustained levy without applying that binding position, its determination could not stand. The order was quashed and the matter remanded for fresh decision on the assessee's liability in accordance with the law declared by the Supreme Court. Case-Laws VAT and Sales Tax Sat, 06 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405210