https://www.taxtmi.com/caselaws?id=391926 The clear and unqualified expression "Hank Yarn" in Entry 44 of Part B of the Fourth Schedule to the Tamil Nadu VAT Act was held to cover all yarns in hank form, not merely cotton hank yarn or yarn used by handloom units. The Court applied the plain meaning of the exemption entry and ruled that extraneous materials, including a Budget Speech, could not be used to read in a restriction absent from the text. It further held that departmental clarifications under Section 48-A could not override the statutory exemption. The clarifications dated 14.02.2013 and 29.06.2017 were therefore quashed. en-us Wed, 05 Feb 2020 00:00:00 +0530 Mon, 10 Feb 2020 08:51:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391926 The clear and unqualified expression "Hank Yarn" in Entry 44 of Part B of the Fourth Schedule to the Tamil Nadu VAT Act was held to cover all yarns in hank form, not merely cotton hank yarn or yarn used by handloom units. The Court applied the plain meaning of the exemption entry and ruled that extraneous materials, including a Budget Speech, could not be used to read in a restriction absent from the text. It further held that departmental clarifications under Section 48-A could not override the statutory exemption. The clarifications dated 14.02.2013 and 29.06.2017 were therefore quashed. Case-Laws VAT and Sales Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391926