BEFORE ABDUL MAJID TIWANA, CHAIRMAN AND FALAK SHER MEMBER (TECHNICAL) versus BEFORE ABDUL MAJID TIWANA, CHAIRMAN AND FALAK SHER MEMBER (TECHNICAL)
Sections 3, 6, 7 and 34 of the Sales Tax Act of 1990 were taxed on the sale of plant and machinery, vehicles, furniture, office supplies, scrap, etc., while the ordinary business of Assisi was textile products, drinks, milk. Was provided. Product, etc. The accuracy assessee claimed input tax credit on most of these goods under section 7 of the Sales Tax Act 1990, and while claiming the input tax credit, the SC's request was that the aforementioned goods be used for their business Needed to run what he was entitled to. To deduct the input tax from the output tax to determine their tax liability, the SC cannot take any different stand, which is contrary to their earlier claim that if the said goods were purchased during their taxable activity, Could not be viewed differently. As a transaction that was divorced from their ordinary business, the sale of plant and machinery, furniture, office supplies, etc. was a taxable transaction and it was under legal obligation to assess it. In the terms of Section 8 (1) (b) of the Sales Tax Act, collecting taxes on the sale of vehicles and other such items is not appropriate, pay the sales tax on those deals and so on. 1990 ????? The sale and leaseback of machinery and other equipment was not subject to the tax net as it was an unrealistic transaction and thus did not impose a sales tax. The dispute between them was not justified in imposing additional taxes and penalties and accordingly was waived.
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