High Court of Karnataka Allows Revision Petitions in VAT Tax Holiday Dispute — Hybrid Micro Circuits Held Eligible as Information Technology Product Under State Policy. The court held that the product falls within the definition of 'Information Technology' under the notifications dated 21.8.1997 issued under the Karnataka Sales Tax Act, 1957 and Central Sales Tax Act, 1956, entitling the assessee to a ten-year tax holiday.
5 Nov 2015The petitioner, Centum Electronics Limited, is a company engaged in the manufacture and sale of 'Hybrid Micro Circuits' and is registered under the Ka...




