https://www.taxtmi.com/caselaws?id=40369 The Kerala Plantations Tax Act treated the first day of the financial year as the valuation date, with revised assessment taking effect only from the next year. A Finance Act amendment to Schedule I was held to do more than alter rates, because it also changed tariff categories and the assessable extent under the charging scheme. The machinery provisions could not be used to give that revised schedule a mid-year operation during 1987-88. The revised Schedule I therefore applied only from 1988-89, and the assessees succeeded on the reference. en-us Thu, 18 Nov 2004 00:00:00 +0530 Thu, 26 Jun 2014 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40369 The Kerala Plantations Tax Act treated the first day of the financial year as the valuation date, with revised assessment taking effect only from the next year. A Finance Act amendment to Schedule I was held to do more than alter rates, because it also changed tariff categories and the assessable extent under the charging scheme. The machinery provisions could not be used to give that revised schedule a mid-year operation during 1987-88. The revised Schedule I therefore applied only from 1988-89, and the assessees succeeded on the reference. Case-Laws VAT and Sales Tax Thu, 18 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40369