https://www.taxtmi.com/caselaws?id=155449 Under section 12(2) of the M.P. General Sales Tax Act, 1958, a rescinding notification may withdraw an exemption, but the statute requires the rescission to operate prospectively only. The HC held that fixing an earlier cancellation date for an exemption notification was inconsistent with that mandate and could not be sustained. The exemption, being a concession, could validly be withdrawn from the date of the rescinding notification itself, but not retrospectively. The retrospective cancellation from 1 October 1978 was therefore invalid, while the rescission was upheld only from 7 January 1981. en-us Fri, 27 Nov 1987 00:00:00 +0530 Wed, 04 Sep 2013 15:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155449 Under section 12(2) of the M.P. General Sales Tax Act, 1958, a rescinding notification may withdraw an exemption, but the statute requires the rescission to operate prospectively only. The HC held that fixing an earlier cancellation date for an exemption notification was inconsistent with that mandate and could not be sustained. The exemption, being a concession, could validly be withdrawn from the date of the rescinding notification itself, but not retrospectively. The retrospective cancellation from 1 October 1978 was therefore invalid, while the rescission was upheld only from 7 January 1981. Case-Laws VAT and Sales Tax Fri, 27 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155449