https://www.taxtmi.com/caselaws?id=753274 The charging provision under the Karnataka Tax on Entry of Goods Act was treated as controlling, so the phrase "prevailing market price of such goods in the local area" in the definition clause was read down to mean the value at the time of entry into the local area and not later market fluctuations or sale price. Reassessment under Section 6(2) was held unsustainable because it rested on the same material already examined and amounted to a mere change of opinion, without fresh material or statutory grounds. The writ petition was not barred by the alternative appellate remedy where the challenge raised jurisdictional and construction issues. en-us Thu, 25 Apr 2024 00:00:00 +0530 Thu, 30 May 2024 07:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753274 The charging provision under the Karnataka Tax on Entry of Goods Act was treated as controlling, so the phrase "prevailing market price of such goods in the local area" in the definition clause was read down to mean the value at the time of entry into the local area and not later market fluctuations or sale price. Reassessment under Section 6(2) was held unsustainable because it rested on the same material already examined and amounted to a mere change of opinion, without fresh material or statutory grounds. The writ petition was not barred by the alternative appellate remedy where the challenge raised jurisdictional and construction issues. Case-Laws VAT and Sales Tax Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753274