https://www.taxtmi.com/caselaws?id=406930 Sales tax exemption for the relevant assessment year had to be tested against the operative eligibility certificate and the law applicable to that year, not by treating an earlier precedent as conclusively barring relief. M.S. Wires and M.S. Rods were treated as separately identifiable commodities in the governing statutory context, so the exemption available under the industrial certificate could not be denied on that basis. Once exemption was available, the purchase value of M.S. Rods could not be added to gross turnover or taxable turnover for demand purposes. The assessment and appellate orders were therefore set aside, and the tax demand and consequential turnover addition were annulled. en-us Tue, 20 Apr 2021 00:00:00 +0530 Mon, 20 Sep 2021 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406930 Sales tax exemption for the relevant assessment year had to be tested against the operative eligibility certificate and the law applicable to that year, not by treating an earlier precedent as conclusively barring relief. M.S. Wires and M.S. Rods were treated as separately identifiable commodities in the governing statutory context, so the exemption available under the industrial certificate could not be denied on that basis. Once exemption was available, the purchase value of M.S. Rods could not be added to gross turnover or taxable turnover for demand purposes. The assessment and appellate orders were therefore set aside, and the tax demand and consequential turnover addition were annulled. Case-Laws VAT and Sales Tax Tue, 20 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406930