https://www.taxtmi.com/caselaws?id=159412 An industrial tax exemption notification granting relief to new small-scale units was construed as a concession for a fixed period and monetary ceiling, not as a scheme that automatically reduces eligibility because tax was collected and remitted during the exemption period. The operative principle was that tax collected and paid over to Government need not be deducted from the total exemption entitlement unless the notification expressly requires such deduction. The notification was read consistently with the exemption period and ceiling conditions, and with the Board's clarification that remitted tax was not to be excluded from the eligibility computation where the statutory limits were otherwise satisfied. en-us Sun, 23 Mar 1997 00:00:00 +0530 Mon, 25 Nov 2013 10:52:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159412 An industrial tax exemption notification granting relief to new small-scale units was construed as a concession for a fixed period and monetary ceiling, not as a scheme that automatically reduces eligibility because tax was collected and remitted during the exemption period. The operative principle was that tax collected and paid over to Government need not be deducted from the total exemption entitlement unless the notification expressly requires such deduction. The notification was read consistently with the exemption period and ceiling conditions, and with the Board's clarification that remitted tax was not to be excluded from the eligibility computation where the statutory limits were otherwise satisfied. Case-Laws VAT and Sales Tax Sun, 23 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159412