https://www.taxtmi.com/caselaws?id=439576 The Division Bench remitted the matter back to the Commissioner for reevaluation under Section 48A of the TNVAT Act, following challenges to the rejection of waiver of tax arrears and penalty. The Court leaned towards considering Drilling Rigs as Machinery and Equipments, finding the previous tax rate interpretations unsustainable. The Commissioner's subsequent clarification on tax rates led to the dismissal of writ petitions, prompting fresh waiver applications. The Authority's discretion in granting waivers was upheld, with appellants directed to pay additional tax pending final determination, as the matter was referred back for further proceedings. en-us Wed, 02 Nov 2022 00:00:00 +0530 Wed, 28 Jun 2023 08:47:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439576 The Division Bench remitted the matter back to the Commissioner for reevaluation under Section 48A of the TNVAT Act, following challenges to the rejection of waiver of tax arrears and penalty. The Court leaned towards considering Drilling Rigs as Machinery and Equipments, finding the previous tax rate interpretations unsustainable. The Commissioner's subsequent clarification on tax rates led to the dismissal of writ petitions, prompting fresh waiver applications. The Authority's discretion in granting waivers was upheld, with appellants directed to pay additional tax pending final determination, as the matter was referred back for further proceedings. Case-Laws VAT and Sales Tax Wed, 02 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439576