2008 (10) TMI 611

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....elay condoned. Heard on merits. This petition has been filed under section 68 of the Punjab Value Added Tax Act, 2005 against the order of the Sales Tax Tribunal, Punjab dated November 30, 2005 (annexure P 6). The petitioner-assessee is a registered dealer. For the assessment year 1998-99, the Assessing Authority accepted the returns of the assessee. The revisional authority in exercise o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hich has been affirmed in judgment of the honourable Supreme Court in State of Punjab v. Perfect synthetics [2008] 13 VST 550. The honourable Supreme Court held that words used in rule 29(xii) permitting deduction of purchase value of goods subject to tax, under section 5(1A), covered the goods which may be exempt from tax. Under the scheme of exemption, the said goods were, at par with goods on w....