https://www.taxtmi.com/caselaws?id=426070 Tax set-off under the Orissa Entry Tax framework was confined to purchases from the immediate selling dealer, because the notification linked eligibility to the purchase invoice and separate disclosure of tax on the bill. The benefit could not be extended to an earlier or remote seller in the chain. The scheme also required set-off to be calculated with reference to raw materials actually used in manufacturing finished goods in the same financial year, on a proportionate basis, rather than by a blanket formula. On that interpretation, the Tribunal's interference with the assessment was found unsustainable and the revenue authorities' view was upheld. en-us Tue, 19 Jul 2022 00:00:00 +0530 Mon, 08 Aug 2022 09:07:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426070 Tax set-off under the Orissa Entry Tax framework was confined to purchases from the immediate selling dealer, because the notification linked eligibility to the purchase invoice and separate disclosure of tax on the bill. The benefit could not be extended to an earlier or remote seller in the chain. The scheme also required set-off to be calculated with reference to raw materials actually used in manufacturing finished goods in the same financial year, on a proportionate basis, rather than by a blanket formula. On that interpretation, the Tribunal's interference with the assessment was found unsustainable and the revenue authorities' view was upheld. Case-Laws VAT and Sales Tax Tue, 19 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426070