https://www.taxtmi.com/caselaws?id=160719 A tax remission entitlement under section 10G read with rule 48G was treated as a substantive benefit that crystallises when the industrial unit first becomes eligible under the governing law. A later amendment extending the remission period did not automatically enlarge that accrued benefit, because the amendment applied only to industrial units established and commissioned for the first time on or after 1 June 1993. An unit set up and already liable to tax before that cutoff date did not satisfy the amended class condition, so the amended rule could not be invoked to extend its remission period. en-us Wed, 17 Nov 1999 00:00:00 +0530 Mon, 23 Dec 2013 16:44:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160719 A tax remission entitlement under section 10G read with rule 48G was treated as a substantive benefit that crystallises when the industrial unit first becomes eligible under the governing law. A later amendment extending the remission period did not automatically enlarge that accrued benefit, because the amendment applied only to industrial units established and commissioned for the first time on or after 1 June 1993. An unit set up and already liable to tax before that cutoff date did not satisfy the amended class condition, so the amended rule could not be invoked to extend its remission period. Case-Laws VAT and Sales Tax Wed, 17 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160719