Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
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The High Court addressed the issue of reimbursement of...
High Court: Starting production before approval doesn't deny incentives under Bihar Industrial Incentive Policy. Order set aside, payments due in 3 months.
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The High Court addressed the issue of reimbursement of VAT/ET/SGST under Bihar Industrial Incentive Policy, 2011. The petitioner's claim was rejected due to starting production before approval by SIPB. The Court held that starting production before approval does not justify denial of incentives. The impugned order was set aside, directing authorities to grant incentives from approval date and make payments within three months. The petition was allowed.
The High Court addressed the issue of reimbursement of VAT/ET/SGST under Bihar Industrial Incentive Policy, 2011. The petitioner's claim was rejected due to starting production before approval by SIPB. The Court held that starting production before approval does not justify denial of incentives. The impugned order was set aside, directing authorities to grant incentives from approval date and make payments within three months. The petition was allowed.
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