Supreme Court of India
Commercial Tax Officer & Ors. v. State Bank of India & Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
Resultantly the assessee was discharged from the undertaking given for the purpose of continuation. of the interim order initially passed.
Judgment, page 14
From the headnote
Bengal Finance (Sales Tax) Act, 1941 - ss. 4(6) (iii), 5(6a) - Purchase tax - Levy of- Acceptance of Exim Scrips (Export Import Licence) by State Bank of India (SB!) and its branches, on payment of premium of 20% of the face value of the scrips in compliance with the direction of RBI - Levy of purchase tax - Held: SB! not liable to levy of purchase tax for replenishment licences or Exim scrips taken as a participant in the process of cancellation - Replenishmell/ licences or Exim scrips are goods and when they are transferred or assigned by the holder/owner to a third person for
Authorities it was built on
- 1969 Hindustan Steel Ltd. v. State of Orissa
- 2006 M/s. Sunrise Associates v. Govt. of Nct of Delhi and Ors.
- 1985 H. Anraj Etc. v. Government of Tamilnadu Etc.
- 1996 Vikas Sales Corporation and Anr. Etc. Etc. v. Commissioner of Commercial Taxes and Anr. Etc. Etc.
- 1976 Board of Revenue Etc. v. A. M. Ansari Etc.
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