Compute Motor vehicle tax based on purchase invoice value and not on value listed in local website: HC

Fathima Abdulkhadar Vs Regional Transport Officer (Kerala High Court) Conclusion: Motor Vehicle tax as per Kerala Motor Vehicle Taxation Act, 1976  should be calculated only upon the purchase invoice value and not upon the value listed in the local web portal as assessee’s case did not fall in the 2nd proviso of the operative portion of Sec.2(e) of the Kerala Motor Vehicle Taxation Act, 1976. Held: Assessee had purchased a new car from Madhya Pradesh for a total sum of Rs.63,40,000/- as per Ext.P-1 purchase invoice issued by M/s.A Cars (P) Ltd and had applied for registration in the sta...