https://www.taxtmi.com/caselaws?id=105800 Exemption under section 4A of the U.P. Trade Tax Act, 1948 and the linked notification had to be computed by reference to the whole assessment year, because clause 6(a) treats turnover up to base production as base production and clause 6(b) grants relief only on turnover beyond that level. Read with the assessment-year framework and rule 41(8), the entitlement cannot be split from the date base production is first achieved. The exempt turnover is therefore the sales turnover for the entire assessment year in excess of base production, not only sales made after base production was crossed. en-us Thu, 15 Nov 2007 00:00:00 +0530 Mon, 30 May 2016 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105800 Exemption under section 4A of the U.P. Trade Tax Act, 1948 and the linked notification had to be computed by reference to the whole assessment year, because clause 6(a) treats turnover up to base production as base production and clause 6(b) grants relief only on turnover beyond that level. Read with the assessment-year framework and rule 41(8), the entitlement cannot be split from the date base production is first achieved. The exempt turnover is therefore the sales turnover for the entire assessment year in excess of base production, not only sales made after base production was crossed. Case-Laws VAT and Sales Tax Thu, 15 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105800