https://www.taxtmi.com/caselaws?id=161043 A fiscal incentive under the Bihar Industrial Policy Resolution, 1989 was examined against Rule 3 of the Bihar Sales Tax Supplementary (Deferment of Tax) Rules, 1990, which explained incremental production as production over and above installed capacity. The court held that the policy did not confer a vested benefit on all output above the pre-expansion level, and the delegated rule validly clarified the scope of deferment without defeating the policy. In taxation matters the State has wider latitude to prescribe eligibility conditions, and the explanatory note was upheld as consistent with the policy. The challenge was also treated as belated, given the long-standing operation of the provision. en-us Mon, 17 Sep 2001 00:00:00 +0530 Mon, 30 Dec 2013 15:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161043 A fiscal incentive under the Bihar Industrial Policy Resolution, 1989 was examined against Rule 3 of the Bihar Sales Tax Supplementary (Deferment of Tax) Rules, 1990, which explained incremental production as production over and above installed capacity. The court held that the policy did not confer a vested benefit on all output above the pre-expansion level, and the delegated rule validly clarified the scope of deferment without defeating the policy. In taxation matters the State has wider latitude to prescribe eligibility conditions, and the explanatory note was upheld as consistent with the policy. The challenge was also treated as belated, given the long-standing operation of the provision. Case-Laws VAT and Sales Tax Mon, 17 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161043