Supreme Court Dismisses State's Appeal Against Recognition Certificate for Raw Materials. The High Court's ruling was upheld as the circulars issued by the Commissioner were found to be a colorable exercise of power, contradicting the Tribunal's decision....
The dispute arose from the issuance of a recognition certificate to M/s. P.N.C. Construction Co. Ltd. under the U.P. Trade Tax Act, 1948, allowing the purchase of raw materials at a concessional rate ...




