https://www.taxtmi.com/caselaws?id=309008 The High Court set aside the Single Judge's order in a Writ Petition challenging the disallowance of exemption on stock transfers. The Court found that the assessing officer failed to consider a relevant Tribunal decision indicating that same-day sales do not definitively establish the nature of the transfer. The matter was remanded for a fresh assessment under Section 6A of the Central Sales Tax, allowing the appellant to submit supporting evidence and objections within three weeks. The Respondent was directed to complete the assessment within two months, providing the appellant with a personal hearing opportunity, and no costs were awarded. en-us Mon, 09 Jan 2023 00:00:00 +0530 Sun, 06 Aug 2023 22:48:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309008 The High Court set aside the Single Judge's order in a Writ Petition challenging the disallowance of exemption on stock transfers. The Court found that the assessing officer failed to consider a relevant Tribunal decision indicating that same-day sales do not definitively establish the nature of the transfer. The matter was remanded for a fresh assessment under Section 6A of the Central Sales Tax, allowing the appellant to submit supporting evidence and objections within three weeks. The Respondent was directed to complete the assessment within two months, providing the appellant with a personal hearing opportunity, and no costs were awarded. Case-Laws VAT and Sales Tax Mon, 09 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309008