https://www.taxtmi.com/caselaws?id=99493 Under a sales tax scheme treated as an annual levy on taxable turnover, an exemption notification without an express commencement date was held to apply to the entire financial year in which it was issued. The Court reasoned that periodic returns and assessments were only machinery for collection, while the statute authorised the Government to declare goods tax-free from time to time without fixing a separate start date for each notification. A later exemption notification therefore governed the relevant year, and the sales tax levy on the exempted goods for that period was unsustainable. The Government could not rely on estoppel against the statute. en-us Tue, 05 Dec 1961 00:00:00 +0530 Tue, 05 Apr 2016 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99493 Under a sales tax scheme treated as an annual levy on taxable turnover, an exemption notification without an express commencement date was held to apply to the entire financial year in which it was issued. The Court reasoned that periodic returns and assessments were only machinery for collection, while the statute authorised the Government to declare goods tax-free from time to time without fixing a separate start date for each notification. A later exemption notification therefore governed the relevant year, and the sales tax levy on the exempted goods for that period was unsustainable. The Government could not rely on estoppel against the statute. Case-Laws VAT and Sales Tax Tue, 05 Dec 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99493