https://www.taxtmi.com/caselaws?id=159490 Exemption under section 4-A of the U.P. Trade Tax Act is described as subject to strict compliance with mandatory conditions, including a registered lease deed and proof of registration under the Factories Act. The text states that a lease for more than one year requires registration under section 107 of the Transfer of Property Act, and an unregistered instrument cannot satisfy the exemption requirement. It also states that a retrospective amendment to section 4-A operates with full legal effect from the earlier date, so any inconsistent vested-right claim cannot survive against the amended provision. The discussion concludes that exemption claims must be strictly proved and are defeated by retrospective legislative change. en-us Fri, 22 Dec 1995 00:00:00 +0530 Tue, 26 Nov 2013 13:14:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159490 Exemption under section 4-A of the U.P. Trade Tax Act is described as subject to strict compliance with mandatory conditions, including a registered lease deed and proof of registration under the Factories Act. The text states that a lease for more than one year requires registration under section 107 of the Transfer of Property Act, and an unregistered instrument cannot satisfy the exemption requirement. It also states that a retrospective amendment to section 4-A operates with full legal effect from the earlier date, so any inconsistent vested-right claim cannot survive against the amended provision. The discussion concludes that exemption claims must be strictly proved and are defeated by retrospective legislative change. Case-Laws VAT and Sales Tax Fri, 22 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159490