https://www.taxtmi.com/caselaws?id=152785 An exemption notification issued during a financial year, where the statute assesses turnover on a yearly basis, was construed as operating for the whole assessment year in the absence of express limiting language. The Court reasoned that restricting the exemption to sales after the date of issue would create an artificial split within the same year and produce unequal tax treatment. The notification therefore applied from the beginning of the relevant financial year, and the tax demand could not be sustained for the covered period. en-us Thu, 02 Aug 1979 00:00:00 +0530 Wed, 10 Jul 2013 18:37:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152785 An exemption notification issued during a financial year, where the statute assesses turnover on a yearly basis, was construed as operating for the whole assessment year in the absence of express limiting language. The Court reasoned that restricting the exemption to sales after the date of issue would create an artificial split within the same year and produce unequal tax treatment. The notification therefore applied from the beginning of the relevant financial year, and the tax demand could not be sustained for the covered period. Case-Laws VAT and Sales Tax Thu, 02 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152785