https://www.taxtmi.com/caselaws?id=162677 A statutory exemption for goods produced by a specified new industrial unit was treated as a general exemption for the covered class of goods, so it fell within section 8(2A) of the Central Sales Tax Act and supported the tax benefit under the State notification. The text also explains that revisional interference under section 31(1) of the State Act requires an assessment to be both erroneous and prejudicial to the Revenue. Where the assessing authority acted on the law prevailing at the time, a later or different interpretation could not by itself justify reopening or cancelling the assessment. en-us Tue, 21 Nov 2006 00:00:00 +0530 Wed, 12 Mar 2014 15:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162677 A statutory exemption for goods produced by a specified new industrial unit was treated as a general exemption for the covered class of goods, so it fell within section 8(2A) of the Central Sales Tax Act and supported the tax benefit under the State notification. The text also explains that revisional interference under section 31(1) of the State Act requires an assessment to be both erroneous and prejudicial to the Revenue. Where the assessing authority acted on the law prevailing at the time, a later or different interpretation could not by itself justify reopening or cancelling the assessment. Case-Laws VAT and Sales Tax Tue, 21 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162677