https://www.taxtmi.com/caselaws?id=158821 A statutory exemption or deferment scheme may validly prescribe conditions for computing the incentive ceiling, including reduction of the available benefit by reference to the revenue loss from goods diverted outside the State. Such a condition does not levy tax on out-of-State sales, does not deem them intra-State sales, and does not offend Article 286 where it merely fixes the manner of working out the concession. The challenge under Articles 14 and 19(1)(g) failed because the measure was part of a fiscal policy protecting State revenue. The impugned conditions were therefore upheld as within the State's legislative power. en-us Mon, 20 Jan 1997 00:00:00 +0530 Thu, 07 Nov 2013 16:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158821 A statutory exemption or deferment scheme may validly prescribe conditions for computing the incentive ceiling, including reduction of the available benefit by reference to the revenue loss from goods diverted outside the State. Such a condition does not levy tax on out-of-State sales, does not deem them intra-State sales, and does not offend Article 286 where it merely fixes the manner of working out the concession. The challenge under Articles 14 and 19(1)(g) failed because the measure was part of a fiscal policy protecting State revenue. The impugned conditions were therefore upheld as within the State's legislative power. Case-Laws VAT and Sales Tax Mon, 20 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158821