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    <title>1997 (7) TMI 606 - MADRAS HIGH COURT</title>
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    <description>The Court ruled that the notification reducing the tax rate on cotton yarn applied for the entire assessment year under the Central Sales Tax Act. The assessee was entitled to the benefit of the notification for the period of April 1, 1975, to March 31, 1976, resulting in a 2% tax rate on the turnover. The appeal was partly allowed, with each party bearing their respective costs.</description>
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      <link>https://www.taxtmi.com/caselaws?id=159088</link>
      <description>The Court ruled that the notification reducing the tax rate on cotton yarn applied for the entire assessment year under the Central Sales Tax Act. The assessee was entitled to the benefit of the notification for the period of April 1, 1975, to March 31, 1976, resulting in a 2% tax rate on the turnover. The appeal was partly allowed, with each party bearing their respective costs.</description>
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