https://www.taxtmi.com/caselaws?id=153015 Retrospective cancellation of a seller's registration certificate does not, by itself, defeat a purchasing dealer's statutory deduction where the purchase and resale were completed while the seller's registration remained in force. The deduction under the Bombay Sales Tax Act depended on purchase from a registered dealer and compliance with the certificate requirement; those conditions were satisfied at the relevant time. Although the Act allowed cancellation from an earlier date, it contained no deeming provision invalidating transactions already concluded with third parties or treating them as purchases from an unregistered dealer. The retrospective cancellation could operate against the cancelled dealer, but not impose fresh tax liability or penalty on innocent third parties. en-us Tue, 24 Feb 1981 00:00:00 +0530 Mon, 15 Jul 2013 17:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153015 Retrospective cancellation of a seller's registration certificate does not, by itself, defeat a purchasing dealer's statutory deduction where the purchase and resale were completed while the seller's registration remained in force. The deduction under the Bombay Sales Tax Act depended on purchase from a registered dealer and compliance with the certificate requirement; those conditions were satisfied at the relevant time. Although the Act allowed cancellation from an earlier date, it contained no deeming provision invalidating transactions already concluded with third parties or treating them as purchases from an unregistered dealer. The retrospective cancellation could operate against the cancelled dealer, but not impose fresh tax liability or penalty on innocent third parties. Case-Laws VAT and Sales Tax Tue, 24 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153015