https://www.taxtmi.com/caselaws?id=422447 The revised value of the nitrogen component in DAP was held to take effect from 29 January 1999, when the Union Government enhanced the DAP rate, rather than from 26 February 2000 when the State Trade Tax authorities circulated the revised value. The applicable notification tied fertilizer component values to Agriculture Department guidelines from time to time, and the Court treated the dispute as one about the value of the taxable component, not a change in tax rate. As the record showed that the enhanced DAP rate had been recovered from 1999 onwards and no material displaced the concurrent factual findings, the issue was decided in favour of the Revenue. en-us Mon, 09 May 2022 00:00:00 +0530 Mon, 16 May 2022 08:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422447 The revised value of the nitrogen component in DAP was held to take effect from 29 January 1999, when the Union Government enhanced the DAP rate, rather than from 26 February 2000 when the State Trade Tax authorities circulated the revised value. The applicable notification tied fertilizer component values to Agriculture Department guidelines from time to time, and the Court treated the dispute as one about the value of the taxable component, not a change in tax rate. As the record showed that the enhanced DAP rate had been recovered from 1999 onwards and no material displaced the concurrent factual findings, the issue was decided in favour of the Revenue. Case-Laws VAT and Sales Tax Mon, 09 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422447