https://www.taxtmi.com/caselaws?id=328056 A Special Economic Zone unit's inter-State stock transfer was treated as an authorized operation where the Letter of Approval permitted trading, warehousing, and supply or sale of goods in the Domestic Tariff Area, so the transfer fell within the approved business activity. The exemption under Section 12(1) of the Tamil Nadu Special Economic Zones Act, 2005 was held not to be confined by Section 15(a), because the two provisions operated in different fields and the Act's overriding clause extended to the Tamil Nadu Value Added Tax Act, 2006. Purchase tax on the stock transfers was therefore not attracted, and the assessee obtained relief. en-us Tue, 12 Apr 2016 00:00:00 +0530 Thu, 22 Mar 2018 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328056 A Special Economic Zone unit's inter-State stock transfer was treated as an authorized operation where the Letter of Approval permitted trading, warehousing, and supply or sale of goods in the Domestic Tariff Area, so the transfer fell within the approved business activity. The exemption under Section 12(1) of the Tamil Nadu Special Economic Zones Act, 2005 was held not to be confined by Section 15(a), because the two provisions operated in different fields and the Act's overriding clause extended to the Tamil Nadu Value Added Tax Act, 2006. Purchase tax on the stock transfers was therefore not attracted, and the assessee obtained relief. Case-Laws VAT and Sales Tax Tue, 12 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328056