https://www.taxtmi.com/caselaws?id=154601 A newly set-up industrial unit was entitled to sales tax exemption for five years counted from the actual commencement of production, not from the date of the exemption notification. Applying that interpretation, the unit remained within the exempted period for the relevant quarter, so the authority had no legal basis to treat tax as payable during that time. A notice proposing penalty for non-payment of admitted tax for the exempt period was therefore without authority and liable to be quashed. en-us Tue, 09 Apr 1985 00:00:00 +0530 Sat, 24 Aug 2013 11:52:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154601 A newly set-up industrial unit was entitled to sales tax exemption for five years counted from the actual commencement of production, not from the date of the exemption notification. Applying that interpretation, the unit remained within the exempted period for the relevant quarter, so the authority had no legal basis to treat tax as payable during that time. A notice proposing penalty for non-payment of admitted tax for the exempt period was therefore without authority and liable to be quashed. Case-Laws VAT and Sales Tax Tue, 09 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154601