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1994 (8) TMI 237 - SC - VAT and Sales TaxWhether the State had arbitrarily exercised its power under section 5 of the Jammu and Kashmir General Sales Tax Act, 1962 by not extending the period of exemption from sales tax enjoyed by the brick manufacturers of the State? Held that:- Appeal dismissed. The Government, in exercise of its power given by section 5 of the Act, can decide to exempt any goods from taxation. The power may be exercised having regard to social, economic, administrative and fiscal considerations.
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