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2007 (5) TMI 323 - SC - VAT and Sales TaxWhether the notification dated April 10, 1995, which denied exemption to NPK 23:23:0 retrospectively can be held to be invalid? Whether by the notification dated April 10, 1995 retrospectively, the exemption granted to the product of the respondent, namely, NPK 23:23:0 could be withdrawn? Held that:- Appeal dismissed. The products of the respondent and the exemption granted in the notification in question which are similar in nature, thus hold that the product of NPK 23:23:0 is also a similar commodity within the meaning of the notification of exemption dated April 10, 1995. Therefore, it would not be open for the appellants, as held by the High Court, to realise tax retrospectively on sale of NPK 23:23:0 from April 10, 1994 to March 31, 1995.
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