https://www.taxtmi.com/caselaws?id=154941 The court upheld the validity of a notification exempting purchase tax on wheat from the Food Corporation of India, dismissing the challenge brought forth by the petitioner. The court found that the exemption under section 4-B treated all parties equally if they purchased from the Food Corporation of India, without unjust discrimination. Emphasizing the legislative nature of tax exemptions and the State Government's discretion in granting them, the court concluded that the exemption aimed to promote industry development and ensure competitive rates for wheat products. The court dismissed the petitioner's claims of arbitrariness and lifted any interim stay order, affirming the validity of the exemption. en-us Fri, 19 Dec 1986 00:00:00 +0530 Fri, 30 Aug 2013 15:12:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154941 The court upheld the validity of a notification exempting purchase tax on wheat from the Food Corporation of India, dismissing the challenge brought forth by the petitioner. The court found that the exemption under section 4-B treated all parties equally if they purchased from the Food Corporation of India, without unjust discrimination. Emphasizing the legislative nature of tax exemptions and the State Government's discretion in granting them, the court concluded that the exemption aimed to promote industry development and ensure competitive rates for wheat products. The court dismissed the petitioner's claims of arbitrariness and lifted any interim stay order, affirming the validity of the exemption. Case-Laws VAT and Sales Tax Fri, 19 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154941