https://www.taxtmi.com/caselaws?id=156364 Renewal of an eligibility certificate for an earlier tax-holiday period could not be refused merely because the industrial unit later stopped manufacturing or became unprofitable. The tribunal treated Rule 3(66) of the Bengal Sales Tax Rules, 1941 as an incentive provision and held that rejection required a factual finding that the applicant itself did something, or failed to do something, that disturbed the unit's economic viability. As no such finding was recorded, and later cessation of activity alone was insufficient, the refusal of renewal was not sustained and renewal for the relevant period ending June 1983 was directed. en-us Wed, 07 Feb 1990 00:00:00 +0530 Wed, 18 Sep 2013 18:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156364 Renewal of an eligibility certificate for an earlier tax-holiday period could not be refused merely because the industrial unit later stopped manufacturing or became unprofitable. The tribunal treated Rule 3(66) of the Bengal Sales Tax Rules, 1941 as an incentive provision and held that rejection required a factual finding that the applicant itself did something, or failed to do something, that disturbed the unit's economic viability. As no such finding was recorded, and later cessation of activity alone was insufficient, the refusal of renewal was not sustained and renewal for the relevant period ending June 1983 was directed. Case-Laws VAT and Sales Tax Wed, 07 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156364