https://www.taxtmi.com/caselaws?id=161213 Exemption under S.R.O. No. 319 of 1984 applied only to coir yarn purchases actually made on or after 1 April 1984. The Kerala High Court explained that the deeming fiction in the explanation to section 2(xxvi) of the Kerala General Sales Tax Act, 1963 treated closing stock as part of the subsequent year's turnover only for the limited purpose stated, and could not be extended to recharacterise purchases made in 1983-84 as exempt purchases of 1984-85. Because exemption provisions must be strictly construed, entitlement had to be shown within the notification's actual scope. en-us Thu, 02 Jul 1998 00:00:00 +0530 Thu, 09 Jan 2014 17:36:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161213 Exemption under S.R.O. No. 319 of 1984 applied only to coir yarn purchases actually made on or after 1 April 1984. The Kerala High Court explained that the deeming fiction in the explanation to section 2(xxvi) of the Kerala General Sales Tax Act, 1963 treated closing stock as part of the subsequent year's turnover only for the limited purpose stated, and could not be extended to recharacterise purchases made in 1983-84 as exempt purchases of 1984-85. Because exemption provisions must be strictly construed, entitlement had to be shown within the notification's actual scope. Case-Laws VAT and Sales Tax Thu, 02 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161213