https://www.taxtmi.com/caselaws?id=206858 Para 2.11 of the 1988 Government Resolution required cumulative quantum of benefits to be computed by reference to the tax actually payable by a comparable unit outside the scheme under the applicable sales tax law, including any statutory exemptions. Rule 31AA was invalid to the extent it excluded those exemptions and gave retrospective effect from 1 January 1980, because it altered the incentive structure and impaired rights that had crystallised under the industrial policy. The CQB therefore had to be calculated on the basis of the tax legally payable by the outside unit, with exemptions taken into account. en-us Wed, 08 Jun 2011 00:00:00 +0530 Tue, 06 May 2014 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206858 Para 2.11 of the 1988 Government Resolution required cumulative quantum of benefits to be computed by reference to the tax actually payable by a comparable unit outside the scheme under the applicable sales tax law, including any statutory exemptions. Rule 31AA was invalid to the extent it excluded those exemptions and gave retrospective effect from 1 January 1980, because it altered the incentive structure and impaired rights that had crystallised under the industrial policy. The CQB therefore had to be calculated on the basis of the tax legally payable by the outside unit, with exemptions taken into account. Case-Laws VAT and Sales Tax Wed, 08 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206858