Wednesday, 16 May 2018

LIFE TAX ON VEHICLES TO BE LEVIED ON INVOICE PRICE AND NOT ON THE EX-SHOWROOM PRICES: HYDERABAD HIGH COURT

The Hyderabad High Court made it clear that transport authorities are entitled to collect life tax from the owner of a vehicle only on the price he paid for owning it and not on the ex-showroom prices, directed the Hyderabad transport authorities to refund 51,000 excess tax collected from a Hyderabad resident. The judge pronounced this order after hearing a petition filed by Kishore Rai Sohini who challenged the way the authorities are calculating and determining the life tax to be paid.


DECCAN CHRONICLE NEWSPAPER



TIMES OF INDIA NEWSPAPER


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