https://www.taxtmi.com/caselaws?id=166462 Entitlement to statutory exemption must be tested strictly against the exemption conditions in the relevant tax law, and a breach of private contractual terms cannot by itself defeat that exemption. A transfer by endorsement during transit could not be treated as contrary to public policy merely because it allegedly violated contractual stipulations between private parties. Section 23 of the Indian Contract Act, 1872 and section 34 of the U.P. Trade Tax Act, 1948 were held inapplicable on the facts, and the exemption claim under section 6(2) of the Central Sales Tax Act, 1956 required fresh examination on the existing record. en-us Thu, 28 Jul 2011 00:00:00 +0530 Fri, 26 Sep 2014 12:37:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166462 Entitlement to statutory exemption must be tested strictly against the exemption conditions in the relevant tax law, and a breach of private contractual terms cannot by itself defeat that exemption. A transfer by endorsement during transit could not be treated as contrary to public policy merely because it allegedly violated contractual stipulations between private parties. Section 23 of the Indian Contract Act, 1872 and section 34 of the U.P. Trade Tax Act, 1948 were held inapplicable on the facts, and the exemption claim under section 6(2) of the Central Sales Tax Act, 1956 required fresh examination on the existing record. Case-Laws VAT and Sales Tax Thu, 28 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166462