https://www.taxtmi.com/caselaws?id=160827 The court upheld the validity of Notification S.R.O. No. 585/96, which limited the concessional tax rate to the first Rs. 50 lakhs turnover during the first year exceeding Rs. 50 lakhs for Small Scale Industry (SSI) units. The court dismissed challenges regarding practical difficulties in estimating turnover, classification of SSI units based on turnover, and concerns about assessing officers rejecting accounts. The notification was deemed beneficial for SSI units, with the court emphasizing the reasonableness of the classification and the necessity of estimating turnover as a standard business practice. en-us Thu, 11 Apr 2002 00:00:00 +0530 Wed, 25 Dec 2013 12:33:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160827 The court upheld the validity of Notification S.R.O. No. 585/96, which limited the concessional tax rate to the first Rs. 50 lakhs turnover during the first year exceeding Rs. 50 lakhs for Small Scale Industry (SSI) units. The court dismissed challenges regarding practical difficulties in estimating turnover, classification of SSI units based on turnover, and concerns about assessing officers rejecting accounts. The notification was deemed beneficial for SSI units, with the court emphasizing the reasonableness of the classification and the necessity of estimating turnover as a standard business practice. Case-Laws VAT and Sales Tax Thu, 11 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160827