1991 (7) TMI 305

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....(C.T.) II, Madras, dated January 29, 1982, in exercise of the suo motu powers of revision. Briefly stated the facts are that the assessing officer while finally assessing the total and taxable turnover of the assessee for the assessment year 1976-77, at Rs. 24,88,312 and Rs. 21,36,509 respectively, disallowed the claim of exemption of a turnover of Rs. 65,258 relating to the sales of colour penci....

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....d restored that of the assessing authority. Whether colour pencils would also get the benefit of the exemption in Government Notification dated March 19, 1976, is the only question before us. It is not necessary for us to advert to the wordings of the notification dated March 19, 1976 or the reasonings given by the Joint Commissioner to hold that the colour pencils would not be included in the s....