https://www.taxtmi.com/caselaws?id=161365 Rule 101 of the West Bengal Sales Tax Rules, 1995 was construed as permitting an authority, after hearing the dealer, to declare an eligibility certificate invalid only prospectively from the date specified in the order or a later date. Because dealers and third parties may act on the faith of a valid certificate, retrospective invalidation would unsettle completed transactions and affect commercial certainty. Allegations of fraud or misrepresentation did not expand the statutory power to authorise cancellation from inception. The stated position is that retrospective cancellation of the eligibility certificate was impermissible and the power under rule 101 was confined to prospective operation. en-us Thu, 31 Jan 2002 00:00:00 +0530 Thu, 16 Jan 2014 15:36:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161365 Rule 101 of the West Bengal Sales Tax Rules, 1995 was construed as permitting an authority, after hearing the dealer, to declare an eligibility certificate invalid only prospectively from the date specified in the order or a later date. Because dealers and third parties may act on the faith of a valid certificate, retrospective invalidation would unsettle completed transactions and affect commercial certainty. Allegations of fraud or misrepresentation did not expand the statutory power to authorise cancellation from inception. The stated position is that retrospective cancellation of the eligibility certificate was impermissible and the power under rule 101 was confined to prospective operation. Case-Laws VAT and Sales Tax Thu, 31 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161365