https://www.taxtmi.com/caselaws?id=104656 An industrial unit that had validly satisfied the conditions for sales tax exemption under section 4-A of the U.P. Sales Tax Act retained the benefit for the notified period. The Court construed the incentive provision purposively and held that, because neither the statute nor the notification expressly provided for automatic cessation, the later increase in capital investment caused by purchase of land and construction of a building did not defeat the exemption already earned. Stricter construction arguments and reliance on later amendments were rejected on the facts. The unit therefore remained entitled to exemption despite its capital investment later exceeding the prescribed limit. en-us Wed, 24 Feb 1999 00:00:00 +0530 Thu, 09 Oct 2025 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104656 An industrial unit that had validly satisfied the conditions for sales tax exemption under section 4-A of the U.P. Sales Tax Act retained the benefit for the notified period. The Court construed the incentive provision purposively and held that, because neither the statute nor the notification expressly provided for automatic cessation, the later increase in capital investment caused by purchase of land and construction of a building did not defeat the exemption already earned. Stricter construction arguments and reliance on later amendments were rejected on the facts. The unit therefore remained entitled to exemption despite its capital investment later exceeding the prescribed limit. Case-Laws VAT / Sales Tax Wed, 24 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104656