Dhronamrajti Satyanarayana vs N.T. Rama Rao And Ors. on 2 January, 1988
Equivalent citations
which, though taxable, are not taxed due to other factors such as
exemption etc. ( The State of Tamil Nadu v. Tvl . Pari Trading ... such a construction would defeat the very object and
purpose of the exemption granted by the legislature; as sale and
purchase are but two facets
respect of the entire turnover, the assessee claimed exemption on the ground that the same was not exigible to tax under section ... suffer tax under the APGST Act . Hence their claim of exemption is not considered". After giving exemption to a turnover
deducted at source on the ground that it was entitled to exemption from tax in respect of interest income from securities as it formed part ... necessary for carrying on the assessee's business and allowed exemption in respect
explanation on 18-3-1978. In this explanation, the petitioner claimed exemption under Notification No. 122/75 CB, dated 5-3-1975. It also submitted ... printing industry' and, therefore, they are not entitled to any exemption. The said decision overrules the earlier decision of the Government of India
void created by the said judgment with regard to provision for exemption of new buildings from the application of the Act, the Government of Andhra ... premises was above Rs. 1,000/- and the same fell within the exemption clause provided under G.O. Ms. No. 636 dated
construed harmoniously and that Section 37-A operated subject to an exemption in favour of foreign liquor possessed by an individual for his personal consumption
hereinafter referred to as the "Ceiling Act"), seeking exemption of about Ac. 300.00 known as 'Chiran Palace ... petitioner on 9-12-1981 and requested the Government to grant exemption of that land under S. 20 of the Ceiling Act. Government considered
with effect from April 1, 1948, which read thus:
"15C. Exemption from tax of newly established industrial undertakings.-
(1) Save as otherwise hereinafter provided ... Central Government may, by notification in the Official Gazette, direct that the exemption conferred by this section shall not apply to any particular industrial undertaking
March. 1978 to enable the beneficiaries to have the benefit of exemption from the capital gains tax, as there was no certainty that such ... exemption would continue to be available after the end of March, 1978. He however admits that the exercise of the discretionary power of sale