https://www.taxtmi.com/caselaws?id=150069 Tax exemption under Rule 20-B depended on strict and timely compliance with the prescribed initial deposit, including filing the application with proof of one-fourth deposit calculated on the previous year's turnover. A deficient initial deposit did not satisfy the condition for provisional exemption for the full assessment year, so the exemption application was liable to rejection. The rules also did not empower the assessing authority to demand the shortfall in the first instalment; Rules 20-B(h) and 20-B(i) operated only on later adjustment after a valid initial deposit. In the absence of a valid exemption certificate, liability to tax under Rule 23 arose without any prior demand as a precondition. en-us Wed, 13 May 1970 00:00:00 +0530 Wed, 08 May 2013 14:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150069 Tax exemption under Rule 20-B depended on strict and timely compliance with the prescribed initial deposit, including filing the application with proof of one-fourth deposit calculated on the previous year's turnover. A deficient initial deposit did not satisfy the condition for provisional exemption for the full assessment year, so the exemption application was liable to rejection. The rules also did not empower the assessing authority to demand the shortfall in the first instalment; Rules 20-B(h) and 20-B(i) operated only on later adjustment after a valid initial deposit. In the absence of a valid exemption certificate, liability to tax under Rule 23 arose without any prior demand as a precondition. Case-Laws VAT and Sales Tax Wed, 13 May 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150069