https://www.taxtmi.com/caselaws?id=127374 A sales tax exemption under section 5 of the Madras General Sales Tax Act, 1939, was held to be conditional because the exemption operated "subject to" the prescribed restrictions and licence conditions. Breach of those conditions caused the exemption to be lost, and the dealer could not rely on an uncancelled licence to preserve the benefit. The statutory duty under section 13 to maintain true and correct accounts applied to an exempt dealer as well; contravention disentitled the dealer to exemption and justified assessment to tax. Rule 8 cancellation of the licence was treated as an enabling provision only, not a prerequisite to denial of exemption. en-us Fri, 18 Feb 1955 00:00:00 +0530 Fri, 08 Mar 2013 10:47:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127374 A sales tax exemption under section 5 of the Madras General Sales Tax Act, 1939, was held to be conditional because the exemption operated "subject to" the prescribed restrictions and licence conditions. Breach of those conditions caused the exemption to be lost, and the dealer could not rely on an uncancelled licence to preserve the benefit. The statutory duty under section 13 to maintain true and correct accounts applied to an exempt dealer as well; contravention disentitled the dealer to exemption and justified assessment to tax. Rule 8 cancellation of the licence was treated as an enabling provision only, not a prerequisite to denial of exemption. Case-Laws VAT and Sales Tax Fri, 18 Feb 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127374