https://www.taxtmi.com/caselaws?id=160029 A delegated authority may rescind an exemption notification under the Central Sales Tax Act only prospectively unless the parent statute expressly authorises retrospective withdrawal, so the retrospective cancellation was invalid. Exemption under the notification attached to the taxable sale event: goods sold up to the publication date of the cancellation remained exempt, while unsold stock sold after that date became taxable at the applicable rate. Penalty was not justified because the turnover was disclosed in the accounts and the assessee acted under a bona fide belief that the sales remained exempt, so there was no suppression or wilful violation. en-us Thu, 12 Mar 1998 00:00:00 +0530 Sat, 07 Dec 2013 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160029 A delegated authority may rescind an exemption notification under the Central Sales Tax Act only prospectively unless the parent statute expressly authorises retrospective withdrawal, so the retrospective cancellation was invalid. Exemption under the notification attached to the taxable sale event: goods sold up to the publication date of the cancellation remained exempt, while unsold stock sold after that date became taxable at the applicable rate. Penalty was not justified because the turnover was disclosed in the accounts and the assessee acted under a bona fide belief that the sales remained exempt, so there was no suppression or wilful violation. Case-Laws VAT and Sales Tax Thu, 12 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160029