https://www.taxtmi.com/caselaws?id=161793 The Karnataka HC analysed an exemption notification under section 12-A of the Karnataka Tax on Luxuries Act for silk fabrics and held that it operated from 1 April 2001, the start of the relevant assessment year. Because the Act defined "year" from 1 April and linked turnover of stock of luxuries to that period, the date of issue of the notification did not limit the exemption's commencement. The monthly statement requirement under section 5-A was treated as a procedural provision and could not curtail the substantive exemption granted under section 12-A. Tax was therefore not exigible for the period from 1 April 2001 to 24 August 2001. en-us Fri, 11 Apr 2003 00:00:00 +0530 Thu, 06 Feb 2014 16:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161793 The Karnataka HC analysed an exemption notification under section 12-A of the Karnataka Tax on Luxuries Act for silk fabrics and held that it operated from 1 April 2001, the start of the relevant assessment year. Because the Act defined "year" from 1 April and linked turnover of stock of luxuries to that period, the date of issue of the notification did not limit the exemption's commencement. The monthly statement requirement under section 5-A was treated as a procedural provision and could not curtail the substantive exemption granted under section 12-A. Tax was therefore not exigible for the period from 1 April 2001 to 24 August 2001. Case-Laws VAT and Sales Tax Fri, 11 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161793