https://www.taxtmi.com/caselaws?id=765929 A statutory amendment curtailing the State's exemption power under Section 8(5) of the Central Sales Tax Act operated prospectively and did not retrospectively withdraw an exemption already crystallised under the Package Scheme of Incentives. The Court treated the eligibility and entitlement certificates as creating an accrued substantive right for the fixed period and limit granted, unaffected by the later requirement of Forms C and D. Because there was no express or implied legislative intent to extinguish that vested benefit, and the certificates were neither revoked nor preceded by notice and hearing, reassessment notices based solely on non-production of forms were unsustainable. en-us Wed, 12 Feb 2025 00:00:00 +0530 Wed, 26 Mar 2025 13:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765929 A statutory amendment curtailing the State's exemption power under Section 8(5) of the Central Sales Tax Act operated prospectively and did not retrospectively withdraw an exemption already crystallised under the Package Scheme of Incentives. The Court treated the eligibility and entitlement certificates as creating an accrued substantive right for the fixed period and limit granted, unaffected by the later requirement of Forms C and D. Because there was no express or implied legislative intent to extinguish that vested benefit, and the certificates were neither revoked nor preceded by notice and hearing, reassessment notices based solely on non-production of forms were unsustainable. Case-Laws VAT / Sales Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765929