https://www.taxtmi.com/caselaws?id=256564 Section 18 of the Tamil Nadu VAT Act was treated as a complete zero-rating scheme, so input tax credit or refund for sales to SEZ units, developers or contractors was available only within that statutory framework and subject to its conditions. The Court rejected the argument that SEZ enactments created a separate VAT exemption or that Section 18(2) applied only to some zero-rated sales, and upheld the Commissioner's circular as consistent with the Act and not arbitrary. Penalty notices and orders were set aside because they were mechanical and lacked specific findings of wilful suppression. In connected matters, the Court granted limited relief by remand, revisionary direction, or liberty to pursue appeals. en-us Fri, 09 Jan 2015 00:00:00 +0530 Thu, 05 May 2016 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256564 Section 18 of the Tamil Nadu VAT Act was treated as a complete zero-rating scheme, so input tax credit or refund for sales to SEZ units, developers or contractors was available only within that statutory framework and subject to its conditions. The Court rejected the argument that SEZ enactments created a separate VAT exemption or that Section 18(2) applied only to some zero-rated sales, and upheld the Commissioner's circular as consistent with the Act and not arbitrary. Penalty notices and orders were set aside because they were mechanical and lacked specific findings of wilful suppression. In connected matters, the Court granted limited relief by remand, revisionary direction, or liberty to pursue appeals. Case-Laws VAT and Sales Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256564