https://www.taxtmi.com/caselaws?id=128749 Declarations obtained from registered dealers remained valid where the statutory scheme treated the registration certificate as the basis for the declaration, and the declaration was not false on its face merely because the dealer was later found to have acted fraudulently. Later cancellation of the purchasing dealers' registration could not operate retrospectively to invalidate transactions completed while the certificates were still in force, and there was no finding of collusion or knowledge of fraud by the assessee. The exemption could therefore not be disallowed on the basis of retrospective cancellation, and the matter required fresh assessment. en-us Mon, 27 Aug 1962 00:00:00 +0530 Wed, 10 Apr 2013 17:55:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128749 Declarations obtained from registered dealers remained valid where the statutory scheme treated the registration certificate as the basis for the declaration, and the declaration was not false on its face merely because the dealer was later found to have acted fraudulently. Later cancellation of the purchasing dealers' registration could not operate retrospectively to invalidate transactions completed while the certificates were still in force, and there was no finding of collusion or knowledge of fraud by the assessee. The exemption could therefore not be disallowed on the basis of retrospective cancellation, and the matter required fresh assessment. Case-Laws VAT and Sales Tax Mon, 27 Aug 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128749