https://www.taxtmi.com/caselaws?id=173738 Exemption for units of the Khadi Gram Udyog Board covered processing and marketing of cereals under earlier Government Orders. The later Government Order excluding rice and paddy by-products introduced a substantive exclusion rather than clarifying existing law. Such an exclusion operates prospectively and cannot retrospectively withdraw exemption for earlier assessment years or support reassessment of completed assessments. Reassessment proceedings relying on the later exclusion for the relevant earlier years were therefore invalid, and the reassessment notice and order were quashed. en-us Fri, 12 Apr 2013 00:00:00 +0530 Sat, 23 Jul 2016 23:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173738 Exemption for units of the Khadi Gram Udyog Board covered processing and marketing of cereals under earlier Government Orders. The later Government Order excluding rice and paddy by-products introduced a substantive exclusion rather than clarifying existing law. Such an exclusion operates prospectively and cannot retrospectively withdraw exemption for earlier assessment years or support reassessment of completed assessments. Reassessment proceedings relying on the later exclusion for the relevant earlier years were therefore invalid, and the reassessment notice and order were quashed. Case-Laws VAT and Sales Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173738