https://www.taxtmi.com/caselaws?id=259231 A clarification issued under section 59(4) of the Karnataka Value Added Tax Act, 2003 treated oats and oat flour as exempt, and that clarification was stated to apply to all registered dealers. White oats were sold in reliance on that position, with regular returns filed and no tax collected, supporting a bona fide belief of exemption. Reassessment under section 39(1) was therefore not sustainable for the earlier period in the absence of concealment or incorrect particulars. The later clarification dated 20.01.2010 altered the tax position only from that date onwards. en-us Wed, 15 Apr 2015 00:00:00 +0530 Fri, 04 Mar 2016 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259231 A clarification issued under section 59(4) of the Karnataka Value Added Tax Act, 2003 treated oats and oat flour as exempt, and that clarification was stated to apply to all registered dealers. White oats were sold in reliance on that position, with regular returns filed and no tax collected, supporting a bona fide belief of exemption. Reassessment under section 39(1) was therefore not sustainable for the earlier period in the absence of concealment or incorrect particulars. The later clarification dated 20.01.2010 altered the tax position only from that date onwards. Case-Laws VAT and Sales Tax Wed, 15 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259231