https://www.taxtmi.com/caselaws?id=438339 An industrial exemption under Rule 28A could not be withdrawn where the unit stopped production because of genuine business conditions beyond its control. The record showed that the product had lost market demand and that similar units in the area had also closed after buyers began manufacturing the finished product themselves. On those facts, the closure was treated as a consequence of market collapse rather than a voluntary or mala fide abandonment of the unit, so the proviso protecting failures caused by reasons beyond control applied. The exemption-related withdrawal orders were therefore unsustainable and the assessee obtained relief. en-us Fri, 17 Mar 2023 00:00:00 +0530 Mon, 29 May 2023 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438339 An industrial exemption under Rule 28A could not be withdrawn where the unit stopped production because of genuine business conditions beyond its control. The record showed that the product had lost market demand and that similar units in the area had also closed after buyers began manufacturing the finished product themselves. On those facts, the closure was treated as a consequence of market collapse rather than a voluntary or mala fide abandonment of the unit, so the proviso protecting failures caused by reasons beyond control applied. The exemption-related withdrawal orders were therefore unsustainable and the assessee obtained relief. Case-Laws VAT and Sales Tax Fri, 17 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438339