https://www.taxtmi.com/caselaws?id=308121 The court classified Multi-Functional Devices (MFDs) as computer peripherals, taxable at 4% under the Rajasthan Value Added Tax Act, 2003, for the relevant assessment period. It held that the notification excluding MFDs from the computer peripherals category could not be applied retrospectively. The court quashed the additional tax levied under the Residuary Entry and set aside the penalties imposed on the Assessee-Companies, ruling in favor of the Assessees and dismissing the Revenue's petitions. en-us Fri, 19 Feb 2016 00:00:00 +0530 Wed, 31 May 2023 20:34:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308121 The court classified Multi-Functional Devices (MFDs) as computer peripherals, taxable at 4% under the Rajasthan Value Added Tax Act, 2003, for the relevant assessment period. It held that the notification excluding MFDs from the computer peripherals category could not be applied retrospectively. The court quashed the additional tax levied under the Residuary Entry and set aside the penalties imposed on the Assessee-Companies, ruling in favor of the Assessees and dismissing the Revenue's petitions. Case-Laws VAT and Sales Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308121