https://www.taxtmi.com/caselaws?id=153062 An exemption notification for small dealers in second-hand gunny bags and hessian was construed purposively so that its benefit was not confined to dealers trading for the full twelve months. The term "year" was read as the relevant assessment year during which the dealer actually carried on business, and the decisive test remained whether the turnover in that year exceeded the prescribed limit. The declaration appended to the notification supported this construction. Actual turnover could not be artificially enhanced on a pro rata basis for a notional full year. A dealer carrying on business only for part of the year could still claim the exemption if the other conditions were satisfied. en-us Mon, 22 Sep 1980 00:00:00 +0530 Tue, 16 Jul 2013 18:04:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153062 An exemption notification for small dealers in second-hand gunny bags and hessian was construed purposively so that its benefit was not confined to dealers trading for the full twelve months. The term "year" was read as the relevant assessment year during which the dealer actually carried on business, and the decisive test remained whether the turnover in that year exceeded the prescribed limit. The declaration appended to the notification supported this construction. Actual turnover could not be artificially enhanced on a pro rata basis for a notional full year. A dealer carrying on business only for part of the year could still claim the exemption if the other conditions were satisfied. Case-Laws VAT and Sales Tax Mon, 22 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153062