interpretation of a taxing statute:
“(i) In interpreting a taxing statute,
equitable considerations are entirely out of
place. A taxing statute cannot be
interpreted ... presently
discuss, even with regard to exemption clauses or
exemption notifications issued under a taxing statute,
this Court in some cases has taken the view
conditions-
(a) the payment of tax under the Himachal Pradesh General Sales Tax
Act, 1968 and the Central Sales Tax Act, 1956 in respect ... availing of benefit of exemption and issue
of exemption certificate, (ii) renewal of exemption certificate,
(iii) cancellation of exemption certificate in form
tax
exemption; (f) that should GEC's application for exemption
be denied the appellants may withhold the Indian Income Tax
applicable to any payments ... contract were contemplating to obtain from the Government of
India Income Tax exemption on the interest income which GEC
was going to receive from Renusagar
salient features, stipulated under Section 11 of the Income Tax Act, to claim tax exemption and registration under Section 12AA of the Income Tax ... basis of an express provision under the Income Tax Act , entitling it to tax exemption. Stated in other words, the market committee under reference, cannot
Section 174 in The Central Goods and Services Tax Act, 2017
174. Repeal and saving.
(1) Save as otherwise provided in this ... orders under such repealed or amended Acts: Provided that any tax exemption granted as an incentive against investment through a notification shall not continue
Children Welfare Society to run the lottery and again when the tax exemption was given by the Cabinet ... grant the exemption. The State Cabinet gave its approval on 10-5-1988. The exemption granted before realising the tax from the organising agent towards
Director Of Income Tax (Exemption) vs Framjee Cawasjee Institute on 9 July, 1992
Author: Sujata Manohar
Bench: Sujata V. Manohar
JUDGMENT
Smt. Sujata Manohar ... circumstances of the case, the Tribunal was right in law directing the ITO to take depreciation into account in computing the income from depreciable assets
petitioner unit claims that in order to take advantage
of sales tax exemption granted in S.R.O.No.1092/99, had made additional
investment ... modification of the certificate issued earlier by granting additional sales tax
exemption for making additional investment for modernisation, expansion etc.,
and the General Manager
exemption but had indicated that
orders will be issued by various departments for granting the
exemptions. The exemption order under Sales Tax could only ... from tax to encourage industrialization
should not be confused with refund of tax. They are two
different legal and distinct concepts. An exemption
Kashmir General Sales Tax
Act, 1962).
Jammu and Kashmir General Sales Tax Act, 1962 -Section
5-Granting tax exemption-Procedure-Whether Government Orders ... exemption was
withdrawn, the said industry would be entitled to the
benefit of exemption for the period specified in the
exemption order though the exemption
