https://www.taxtmi.com/caselaws?id=160817 Under the Industrial Policy, 1996 and the Punjab Industrial Incentive Code, 1996, sales tax deferment for expansion was to be governed by the later scheme based on additional fixed capital investment, not by the earlier incremental-production model. The amended Rule 4-B of the Punjab General Sales Tax (Deferment and Exemption) Rules, 1991 was treated as overriding Rule 4 to implement that policy, so deferment for an expansion after 1 April 1996 could not be confined to incremental production. Proceedings founded on that assumption were invalid, and the restrictive condition was quashed; the unit was entitled to deferment on total production under the applicable policy regime. en-us Mon, 15 Oct 2001 00:00:00 +0530 Tue, 24 Dec 2013 18:51:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160817 Under the Industrial Policy, 1996 and the Punjab Industrial Incentive Code, 1996, sales tax deferment for expansion was to be governed by the later scheme based on additional fixed capital investment, not by the earlier incremental-production model. The amended Rule 4-B of the Punjab General Sales Tax (Deferment and Exemption) Rules, 1991 was treated as overriding Rule 4 to implement that policy, so deferment for an expansion after 1 April 1996 could not be confined to incremental production. Proceedings founded on that assumption were invalid, and the restrictive condition was quashed; the unit was entitled to deferment on total production under the applicable policy regime. Case-Laws VAT and Sales Tax Mon, 15 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160817