Supreme Court · 2007 INSC 1155 · Decided 15 November 2007
Commissioner of Trade Tax, U.P. v. M/S. Malviya Chemical and Pharmaceutical Private Limited, Ghaziabad
- Court
- Supreme Court of India
- Citation
- 2007 INSC 1155 · [2007] 12 S.C.R. 68
- Case number
- CIVIL APPEAL No. 5252/2007
- Decided
- 15 November 2007
- Bench
- ARIJIT PASAYAT, LOKESHWAR SINGH PANTA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
OF TRADE TAX, U.P. v. MIS. MALVIYA CHEMICAL AND PHARMACEUTICAL PRIVATE LIMITED, GHAZIABAD NOVEMBER 15, 2007 [DR.ARIJITPASAYAT AND LOKESHW AR SINGH PANT A, JJ.) C UP. Trade Tax Act, 1948: s.11-Notification No.1093 dated 27.7.1991-Clause (6)­ Exemption under-Computation of-Held: that exemption could be granted only on sale of goods effected after base production is achieved-Tax paid at the time of filing return would be subject to adjustment at the time of finalization of assessment-Intention. of legislature in that regard is clear and unambiguous. E Assessee had been
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