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Tax Natarajan: Decision of the Madras HC in Raghav Industries case was a nightmare, where rebate of duty paid out of credit availed on capital goods was denied on the ground that since higher rate of drawback was also availed, it will amount to double benefit. HONOURABLE MR.JUSTICE R. MAHADEVAN and THE HONOURABLE MR.JUSTICE J. SATHYANARAYANA PRASAD Writ Appeal No. 429 of 2016 & Writ Appeal Nos. 2247 & 2248 of 2021 —
by Sekar Reporter · Published May 31, 2022
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1.4.’21; LAW NOTES:*k selvaraj advtv *INTERPRETATION OF ENTRIES RELATING TO THE TAXING POWER* *(1)* It is the substance of the levy and not the form that determines the nature of the tax. The name given by the Legislature is not conclusive for this purpose.
by Sekar Reporter · Published April 1, 2021