AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
2007 (2) TMI 622
X X X X Extracts X X X X
X X X X Extracts X X X X
....erred to as, "the Act") are directed against the order of the Tribunal dated December 21, 2005 relating to the assessment years 1992-93, 1993-94, 1994-95, 1995-96 and 1996-97 under the Central Sales Tax Act, 1956 (hereinafter referred to as, "the Central Act"). The question involved in all the revisions relates to the exemption on the manufactured goods under the Central Act. Brief facts of ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ssing authority, which has been confirmed by the Tribunal. The Tribunal, by the impugned order held that under the aforesaid notification issued under section 4(b) of the Act the commodity manufactured by the applicant was not generally exempted and it was exempted only when it was certified by U.P. Khadi and Village Industries Board and thus, the provisions of section 8(2-A) of the Act is not app....
X X X X Extracts X X X X
X X X X Extracts X X X X
....on 8(2A) of the Central Act and the goods manufactured by such institutions have been treated exempted from tax under the Central Act. The apex court held that the circulars are binding upon the revenue authorities though they may be contrary to the statute and it is not open to the revenue authorities to take a different stand. Thus, so long as the circular stands and is not withdrawn revenue aut....