Karnataka High Court Hears Challenge to Constitutional Validity of Section 2A(8-a) of Karnataka Tax on Entry of Goods Act, 1979, and Reassessment Orders Based on Change of Opinion. Petitioner Company, Engaged in Manufacture of Pan Masala Containing Tobacco, Asserts that Entry Tax on Stock Transfers Should Be Based on Stock Transfer Value, Not Prevailing Market Price, and that Reassessment After 14 Years Without Tangible Material is Invalid.
25 Apr 2024The petitioner, a company engaged in the manufacture and sale of pan masala containing tobacco (guthka), filed writ petitions under Articles 226 and 2...
