https://www.taxtmi.com/caselaws?id=329440 Breach of exemption conditions by discontinuance of the unit before the eligible period caused the exemption scheme to cease to operate, so the tax otherwise payable became recoverable from the unit. The assessed sales tax liability could not be adjusted against the residual exemption limit once the basic condition of continuous production was not met. The revisional authority was competent to correct the erroneous adjustment and withdraw the benefit. The Tribunal deleted the penalty component, but the challenge to the revision and withdrawal of exemption adjustment failed. en-us Thu, 23 Jun 2016 00:00:00 +0530 Fri, 01 Jul 2016 13:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329440 Breach of exemption conditions by discontinuance of the unit before the eligible period caused the exemption scheme to cease to operate, so the tax otherwise payable became recoverable from the unit. The assessed sales tax liability could not be adjusted against the residual exemption limit once the basic condition of continuous production was not met. The revisional authority was competent to correct the erroneous adjustment and withdraw the benefit. The Tribunal deleted the penalty component, but the challenge to the revision and withdrawal of exemption adjustment failed. Case-Laws VAT and Sales Tax Thu, 23 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329440