Court Upholds Tax Exemption Transition from KST Act to KVAT Act, 2003; Refund Granted Despite Initial Denial.

Court Upholds Tax Exemption Transition from KST Act to KVAT Act, 2003; Refund Granted Despite Initial Denial. https://www.taxtmi.com/highlights?id=29920 Refund of tax deposited - Continuation of exemption after migration from KST Act to KVAT Act, 2003 w.e.f. 1.4.2005 - refund was denied on the ground that if the unit collects any amount by way of tax, it shall become ineligible for exemption - the petitioner cannot be denied the benefit on technical grounds. - Refund allowed - HC en-us Fri, 24 Jun 2016 16:12:59 +0530 Fri, 24 Jun 2016 16:12:59 +0530 TaxTMI RSS Generator Court Upholds Tax Exemption Transition from KST Act to KVAT Act, 2003; Refund Granted Despite Initial Denial. https://www.taxtmi.com/highlights?id=29920 Refund of tax deposited - Continuation of exemption after migration from KST Act to KVAT Act, 2003 w.e.f. 1.4.2005 - refund was denied on the ground that if the unit collects any amount by way of tax, it shall become ineligible for exemption - the petitioner cannot be denied the benefit on technical grounds. - Refund allowed - HC Highlights VAT and Sales Tax Fri, 24 Jun 2016 16:12:59 +0530 https://www.taxtmi.com/highlights?id=29920