https://www.taxtmi.com/caselaws?id=158578 A unit established on rented premises becomes eligible for exemption under section 4-A of the U.P. Sales Tax Act only when the statutory lease requirements are satisfied. Applying section 107 of the Transfer of Property Act and the object of promoting industrial growth, the court noted that where the prescribed conditions are fulfilled after the notified period has begun, exemption is available only for the remaining portion of that period from the date of compliance. As the lease was registered on 6 August 1991, the statutory condition was met from that date, and the petitioners were entitled to exemption from then onward. en-us Mon, 21 Nov 1994 00:00:00 +0530 Thu, 31 Oct 2013 15:26:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158578 A unit established on rented premises becomes eligible for exemption under section 4-A of the U.P. Sales Tax Act only when the statutory lease requirements are satisfied. Applying section 107 of the Transfer of Property Act and the object of promoting industrial growth, the court noted that where the prescribed conditions are fulfilled after the notified period has begun, exemption is available only for the remaining portion of that period from the date of compliance. As the lease was registered on 6 August 1991, the statutory condition was met from that date, and the petitioners were entitled to exemption from then onward. Case-Laws VAT and Sales Tax Mon, 21 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158578