https://www.taxtmi.com/caselaws?id=162206 Statutory exemption granted under section 4-A of the U.P. Trade Tax Act for a qualifying industrial unit extended to chemicals and derivatives where the competent committee had approved that scope and fixed the maximum tax benefit. The Tribunal could not use suo motu rectification power under section 22 to disturb earlier relief without a genuine mistake apparent from the record; its contrary order was unsustainable. Amounts deposited under a stay order became refundable after the exemption claim succeeded, and interest was payable as accretion on capital from the date of deposit. The revision succeeded, with the impugned order quashed and consequential monetary relief granted. en-us Wed, 06 Feb 2002 00:00:00 +0530 Thu, 20 Feb 2014 17:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162206 Statutory exemption granted under section 4-A of the U.P. Trade Tax Act for a qualifying industrial unit extended to chemicals and derivatives where the competent committee had approved that scope and fixed the maximum tax benefit. The Tribunal could not use suo motu rectification power under section 22 to disturb earlier relief without a genuine mistake apparent from the record; its contrary order was unsustainable. Amounts deposited under a stay order became refundable after the exemption claim succeeded, and interest was payable as accretion on capital from the date of deposit. The revision succeeded, with the impugned order quashed and consequential monetary relief granted. Case-Laws VAT and Sales Tax Wed, 06 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162206