https://www.taxtmi.com/caselaws?id=379189 Retrospective cancellation of a textile incentive certificate was found unsustainable where the authority relied on alleged tax arrears without properly considering the scheme's reciprocal refund and reimbursement obligations. The cancellation turned on incorrect factual assumptions, including the effect of a stay on part of the dues and the prospective nature of registration cancellation, and it failed to account for the financial impact of unpaid scheme benefits. Central Sales Tax dues were held to be outside the cited policy basis for cancellation. The certificate was restored, and the authorities were directed to adjust the outstanding dues against the refundable and reimbursable amounts under the scheme. en-us Mon, 25 Feb 2019 00:00:00 +0530 Tue, 30 Apr 2019 06:36:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379189 Retrospective cancellation of a textile incentive certificate was found unsustainable where the authority relied on alleged tax arrears without properly considering the scheme's reciprocal refund and reimbursement obligations. The cancellation turned on incorrect factual assumptions, including the effect of a stay on part of the dues and the prospective nature of registration cancellation, and it failed to account for the financial impact of unpaid scheme benefits. Central Sales Tax dues were held to be outside the cited policy basis for cancellation. The certificate was restored, and the authorities were directed to adjust the outstanding dues against the refundable and reimbursable amounts under the scheme. Case-Laws VAT and Sales Tax Mon, 25 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379189