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2008 (11) TMI 383 - SC - VAT and Sales TaxInterpretation and/or application of an exemption notification dated July 27, 1991 Held that:- It is not a case where the application was incomplete by itself. It was also not a case where having regard to the provisions of the Act, Rules, notifications as also the information required to be furnished in terms of paragraph 10 of form XLVI, any other or further information was necessary to be obtained or furnished. If the appellant, thus, had fulfilled the eligibility criteria for grant of exemption, it had acquired a right in respect thereof and we see no reason why it should have been deprived therefrom. It is in that sense the exemption notification was required to be construed liberally in favour of the appellant. Thus the impugned judgment cannot be sustained. It is set aside accordingly. The respondents are directed to extend the benefit of exemption to the appellant for a period of 10 years from October 24, 1992. The appeal is allowed with costs. The counsel's fee assessed at Rs. 50,000.
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