Violation of Tax Exemption Conditions Due to Restricted Stock Transfer Upheld; No Tax on Inter-State Sales Imposed.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Restriction on stock transfer outside state while availing exemption – it is a case of Violation/Breach of conditions of tax exemption and not the case of levy of tax on inter-state sale - decided in favor of revenue - SC....