Validity of Curtailing and whittling down the benefits with ...

Case Laws VAT and Sales Tax

September 9, 2021

Validity of Curtailing and whittling down the benefits with retrospective benefit - Musical Instruments - Tax exemption is a concession. Thus, exemption from payment of tax can never be claimed as a matter of right. Exemptions are to be granted strictly in consonance with the provisions of the Act. Thus, purposive and contextual interpretation of exemption provisions are imminent for the purpose of extending the benefit of exemption. - the subsequent Notification is a clarificatory in nature and cannot be construed as cancellation of the exemption granted - HC

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Validity of Curtailing and whittling down the benefits with ...

Case Laws VAT and Sales Tax

September 9, 2021

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