Allahabad HC Quashes CST Re-Assessment Based on Quashed Circular for Inter-State Electronic Sales

Central Electronics Ltd Vs Commissioner Commercial Tax U.P (Allahabad High Court) The Allahabad High Court ruled in favor of Central Electronics Ltd., a company that trades in electronic goods and solar photo systems, by setting aside a tax reassessment order. The court’s decision, which addressed multiple connected revisions, centered on whether the company’s inter-state sales of electronic goods should be taxed at 2% or 2.5%. The dispute originated from a reassessment initiated by the Assessing Authority for the Assessment Year 1995-96, which claimed the company had underpaid tax...