https://www.taxtmi.com/caselaws?id=162726 Sales tax exemption under the notification depended on two conditions: the industrial unit had to own or acquire land for the unit, and it had to apply for financial support from a regular financial institution before the 1 January 2000 cut-off. The recorded materials showed the lease deed was executed only on 28 October 2000 and the financial assistance application was made on 10 February 2000. The recital in the later lease deed about earlier oral delivery of possession was not accepted as sufficient proof of acquisition before the cut-off, so the statutory conditions were not satisfied and exemption was unavailable. en-us Fri, 28 May 2004 00:00:00 +0530 Thu, 13 Mar 2014 12:49:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162726 Sales tax exemption under the notification depended on two conditions: the industrial unit had to own or acquire land for the unit, and it had to apply for financial support from a regular financial institution before the 1 January 2000 cut-off. The recorded materials showed the lease deed was executed only on 28 October 2000 and the financial assistance application was made on 10 February 2000. The recital in the later lease deed about earlier oral delivery of possession was not accepted as sufficient proof of acquisition before the cut-off, so the statutory conditions were not satisfied and exemption was unavailable. Case-Laws VAT and Sales Tax Fri, 28 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162726