https://www.taxtmi.com/caselaws?id=159392 A statutory tax concession linked to a commissioned industrial unit for a fixed five-year period continued for the unexpired term after transfer of the unit. The benefit under section 5CC was treated as attached to the industrial unit, not as ending merely because ownership changed, provided the unit continued unchanged in nature and composition. The transferee, stepping into the shoes of the transferor, could therefore claim the remaining remission period. Earlier cases concerning partnership and proprietary concerns were treated as fact-specific and not controlling on these facts. The revenue challenge failed, and the concessional treatment for the unexpired period was maintained. en-us Mon, 05 Aug 1996 00:00:00 +0530 Fri, 22 Nov 2013 18:43:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159392 A statutory tax concession linked to a commissioned industrial unit for a fixed five-year period continued for the unexpired term after transfer of the unit. The benefit under section 5CC was treated as attached to the industrial unit, not as ending merely because ownership changed, provided the unit continued unchanged in nature and composition. The transferee, stepping into the shoes of the transferor, could therefore claim the remaining remission period. Earlier cases concerning partnership and proprietary concerns were treated as fact-specific and not controlling on these facts. The revenue challenge failed, and the concessional treatment for the unexpired period was maintained. Case-Laws VAT and Sales Tax Mon, 05 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159392