https://www.taxtmi.com/caselaws?id=440739 Under an entertainment tax exemption scheme, where the notification fixed the exemption period and monetary ceiling but left the computation method unspecified, the Court held that the ceiling should be worked out by a reasonable and workable method based on actual ticket collections. It rejected adding a further notional tax element to the collections as an unprovided assumption. The entertainment tax liability was to be determined on the actual collections reflected in returns and accounts, and the High Court's approach of notionally computing the tax payable on those collections was upheld as consistent with the scheme's structure. en-us Thu, 02 Feb 2023 00:00:00 +0530 Wed, 26 Jul 2023 08:17:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440739 Under an entertainment tax exemption scheme, where the notification fixed the exemption period and monetary ceiling but left the computation method unspecified, the Court held that the ceiling should be worked out by a reasonable and workable method based on actual ticket collections. It rejected adding a further notional tax element to the collections as an unprovided assumption. The entertainment tax liability was to be determined on the actual collections reflected in returns and accounts, and the High Court's approach of notionally computing the tax payable on those collections was upheld as consistent with the scheme's structure. Case-Laws VAT and Sales Tax Thu, 02 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440739