Articles tagged with: sales tax
[Update] ELP acts & explains: Consti Bench 4-1 overrules Kone Elevator tax decision on sales / works contract distinction
A five-judge constitutional bench of CJI RM Lodha, AK Patnaik, Sudhansu Jyoti Mukhopadhaya, Dipak Misra and FM Ibrahim Kalifulla has overruled the Supreme Court’s earlier Kone Elevators decision in a four-to-one majority against Kalifulla. The majority opinion, written by Misra, ruled that the sale ...
Nokia screwed by 'absurd' new $414m sales tax claim in TN
Finnish mobile phone maker Nokia (whose smartphone business is in the process of being sold to Microsoft though held up by a Rs 3,500 crore guarantee imposed by the Supreme Court in another transfer tax case) has filed a writ in the Madras high court to contest a claim by the Tamil Nadu VAT departme...