SYNTRONICS LTD. versus COLLECTOR SALES TAX AND FEDERAL EXCISE
Sections 7, 8, 13, 47, 66 and 74 Section RA No. 578 (I) / 98 dated 12 6 1998 Section RA No. 978 (I) / 99 dated 30 8 1999 [Sales Tax General Order 2] Input and Output Tax Adjustment Plant & Machinery Period ??? Stock / applicable applicant in trade received showcase notice, claiming Rs. 020 million as input adjustment under notification section R No. 578 (I) / 98. Permission denied, dated 12 6 1998 Valid Generator was built by the applicant for import, installation and use in the manufacturing process and is considered as "plant and machinery" Ah came in praise of stocks in the trade and were out of the mischief of excluding supplies provided under notification section R. No. 578 (I) / 98, dated 12 6 1998 Showcase Notice, whereby, in accordance with Notification Section R No. 578 (I) / 98, allowed claim of Rs. 020 million as input adjustment on 12 6 1998. Was denied, was not. A legally valid generator was in fact a "stock in trade" and a partner could not be excluded from the goods that could not take advantage of the input adjustment provided under the show cause notice, under which notification section O. No. 578 (I) ) / 98 Accordingly, claim of Rs 020 million under 6 6 was denied permission for input adjustment. 1998 Authorities fail to consider this important legal issue The input tax adjustment on a generator used for manufacturing purposes can be adjusted to the applicant's output tax, as it did not fall into the trap of a showcase notice. , Under which a claim of Rs 120 million was denied. Nine
Related judgments — Peshawar High Court NWFP, 2014
