Life tax payable on Invoice Value of Vehicle & not on ex Showroom price

M/s Millennium Infra & Reality Projects Pvt. Ltd. Vs State of Telangana (Telangana High Court)

State cannot be allowed to levy life tax on the ex-showroom price shown in the price list, when it is not the actual cost of the vehicle and the life tax has to be levied on the actual cost of the vehicle as paid by the purchaser of the vehicle which can be reflected from the invoice.

FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT

Please become a Premium member. If you are already a Premium member, login here to access the full content.