https://www.taxtmi.com/caselaws?id=158934 A tax exemption eligibility certificate granted to a new unit could not be cancelled merely because a later retrospective amendment introduced a seven-year ownership or lease requirement. The cancellation power under section 4-A(3) was directed to misuse, breach of conditions, or other substantial disentitlement, not to reopening the correctness of a lawful original grant by the prescribed authority. The power was also discretionary and had to be exercised fairly, particularly where the dealer had relied on the earlier assurance and later acquired ownership. The cancellation was therefore unjustified and the exemption benefit already granted was preserved. en-us Wed, 16 Nov 1994 00:00:00 +0530 Mon, 11 Nov 2013 14:43:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158934 A tax exemption eligibility certificate granted to a new unit could not be cancelled merely because a later retrospective amendment introduced a seven-year ownership or lease requirement. The cancellation power under section 4-A(3) was directed to misuse, breach of conditions, or other substantial disentitlement, not to reopening the correctness of a lawful original grant by the prescribed authority. The power was also discretionary and had to be exercised fairly, particularly where the dealer had relied on the earlier assurance and later acquired ownership. The cancellation was therefore unjustified and the exemption benefit already granted was preserved. Case-Laws VAT and Sales Tax Wed, 16 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158934