Stricter Approach to Tax Exemptions: Assessee Secures Benefit in Works Contract Valuation Case Under VAT Rules.

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....Valuation - works Contract - Reduction in turnover as per Rule 9 of the Value Added Tax Rules - The general rule of law in taxing statutes is that in case of any doubt the benefit should be given to the assessee. However, in case of exemption and deduction to be given, a stricter approach may be followed - The assessee clearly qualifies for the said benefit. - HC....