https://www.taxtmi.com/highlights?id=59601 Validity of Curtailing and whittling down the benefits with retrospective benefit - Musical Instruments - Tax exemption is a concession. Thus, exemption from payment of tax can never be claimed as a matter of right. Exemptions are to be granted strictly in consonance with the provisions of the Act. Thus, purposive and contextual interpretation of exemption provisions are imminent for the purpose of extending the benefit of exemption. - the subsequent Notification is a clarificatory in nature and cannot be construed as cancellation of the exemption granted - HC en-us Thu, 09 Sep 2021 12:27:14 +0530 Thu, 09 Sep 2021 12:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59601 Validity of Curtailing and whittling down the benefits with retrospective benefit - Musical Instruments - Tax exemption is a concession. Thus, exemption from payment of tax can never be claimed as a matter of right. Exemptions are to be granted strictly in consonance with the provisions of the Act. Thus, purposive and contextual interpretation of exemption provisions are imminent for the purpose of extending the benefit of exemption. - the subsequent Notification is a clarificatory in nature and cannot be construed as cancellation of the exemption granted - HC Highlights VAT and Sales Tax Thu, 09 Sep 2021 12:27:14 +0530 https://www.taxtmi.com/highlights?id=59601