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State Of Kerala & Anr vs Bulders Association Of India & Ors on 28 November, 1996

14. The provision of Section 7 has been considered by their Lordships of the Supreme Court in State of Kerala v. Builders' Association of India (1997 (1) KLT 88). It has been held that the method of taxation provided by the provision is optional. It is "in the nature of composition of tax payable under Section 5(1)." The provision has "evolved a convenient, hassle-free and simple method of assessment just as the system of levy of entertainment tax on the gross collection capacity of the cinema theatres." By opting for this alternate method the assessee "saves himself from the botheration of book keeping, assessment, appeals and all that it means."
Supreme Court of India Cites 15 - Cited by 62 - B P Reddy - Full Document
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