Leased plots tax exemption conditioned on continued industrial or financial use; joint liability for state tax on land-use breach. Amendment substitutes the entry against serial number 41 so that the exemption for long-term leases of plots is conditional on continued use for the allotted industrial or financial purpose; the Government shall monitor and enforce compliance; original lessor, original lessee and any subsequent lessee, buyer or owner are jointly and severally liable to pay state tax, interest and penalty on violation or change of land use; and lease or sale agreements must record the exemption and the parties' undertaking to comply.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Leased plots tax exemption conditioned on continued industrial or financial use; joint liability for state tax on land-use breach.
Amendment substitutes the entry against serial number 41 so that the exemption for long-term leases of plots is conditional on continued use for the allotted industrial or financial purpose; the Government shall monitor and enforce compliance; original lessor, original lessee and any subsequent lessee, buyer or owner are jointly and severally liable to pay state tax, interest and penalty on violation or change of land use; and lease or sale agreements must record the exemption and the parties' undertaking to comply.
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