https://www.taxtmi.com/caselaws?id=161647 A sales tax exemption notification issued to implement an industrial policy was held to validly deny exemption where the eligible unit had collected tax. Clause (iv) of Explanation II was treated as consistent with the policy because the policy contemplated non-collection of tax, and the notification clarified that collected tax would exclude the relevant turnover from exemption. The challenge that the clause was inconsistent with the policy was rejected, and the exemption condition was upheld. The petitioner's collection of tax defeated the exemption claim, as exemption notifications must be construed strictly according to their terms. The related assessment grievances were left to be pursued in appeal. en-us Tue, 26 Aug 2003 00:00:00 +0530 Mon, 03 Feb 2014 14:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161647 A sales tax exemption notification issued to implement an industrial policy was held to validly deny exemption where the eligible unit had collected tax. Clause (iv) of Explanation II was treated as consistent with the policy because the policy contemplated non-collection of tax, and the notification clarified that collected tax would exclude the relevant turnover from exemption. The challenge that the clause was inconsistent with the policy was rejected, and the exemption condition was upheld. The petitioner's collection of tax defeated the exemption claim, as exemption notifications must be construed strictly according to their terms. The related assessment grievances were left to be pursued in appeal. Case-Laws VAT and Sales Tax Tue, 26 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161647