https://www.taxtmi.com/caselaws?id=396714 Section 55 of the Tamil Nadu General Sales Tax Act, 1959 was construed as a limited rectification power and not a power of review; reopening completed assessments to withdraw an exemption was therefore beyond its scope. The later reassessment notices were treated as an impermissible reappraisal of the original assessment and lacked jurisdiction. On exemption, carbide tip inserts sold to 100% EOUs were treated as consumable goods because they were used in cutting work, lost utility on use, and did not continue as tools or spare parts. The Government Order exemption for export promotion was applied strictly, and the relief granted to the assessee was restored. en-us Mon, 06 Jul 2020 00:00:00 +0530 Mon, 30 Nov 2020 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396714 Section 55 of the Tamil Nadu General Sales Tax Act, 1959 was construed as a limited rectification power and not a power of review; reopening completed assessments to withdraw an exemption was therefore beyond its scope. The later reassessment notices were treated as an impermissible reappraisal of the original assessment and lacked jurisdiction. On exemption, carbide tip inserts sold to 100% EOUs were treated as consumable goods because they were used in cutting work, lost utility on use, and did not continue as tools or spare parts. The Government Order exemption for export promotion was applied strictly, and the relief granted to the assessee was restored. Case-Laws VAT and Sales Tax Mon, 06 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396714