https://www.taxtmi.com/caselaws?id=245246 Expansion-based industrial tax exemption under the Uttar Pradesh trade tax scheme must be computed by reference to production quantity, not taxable sales turnover. The base production benchmark includes quantities moved by stock transfer or consignment, because the notification ties relief to goods manufactured in excess of base production and the scheme is to be construed liberally to promote industrial growth. Excluding such quantities would defeat the object of the exemption. The contrary Division Bench view was held incorrect, and the reference was answered in favour of the assessee. en-us Wed, 27 Oct 2010 00:00:00 +0530 Sat, 05 Dec 2015 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245246 Expansion-based industrial tax exemption under the Uttar Pradesh trade tax scheme must be computed by reference to production quantity, not taxable sales turnover. The base production benchmark includes quantities moved by stock transfer or consignment, because the notification ties relief to goods manufactured in excess of base production and the scheme is to be construed liberally to promote industrial growth. Excluding such quantities would defeat the object of the exemption. The contrary Division Bench view was held incorrect, and the reference was answered in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 27 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245246