https://www.taxtmi.com/caselaws?id=435733 The High Court ruled in favor of the assessee in a case challenging the disallowance of exemptions from tax on molasses, bagasse, and filter mud under the 1996-2001 industrial policy. The Court held that the petitioner was entitled to the exemption, overturning the Karnataka Appellate Tribunal's decision. Additionally, the Court granted the assessee exemption from sales tax on the mentioned by-products and rejected the disallowance of exemption based on the pending Fixed Asset Verification Certificate application. The High Court set aside the Tribunal's orders, confirming decisions against the assessee, and answered the legal questions in favor of the assessee in each issue presented. en-us Fri, 03 Mar 2023 00:00:00 +0530 Sun, 26 Mar 2023 10:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435733 The High Court ruled in favor of the assessee in a case challenging the disallowance of exemptions from tax on molasses, bagasse, and filter mud under the 1996-2001 industrial policy. The Court held that the petitioner was entitled to the exemption, overturning the Karnataka Appellate Tribunal's decision. Additionally, the Court granted the assessee exemption from sales tax on the mentioned by-products and rejected the disallowance of exemption based on the pending Fixed Asset Verification Certificate application. The High Court set aside the Tribunal's orders, confirming decisions against the assessee, and answered the legal questions in favor of the assessee in each issue presented. Case-Laws VAT and Sales Tax Fri, 03 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435733