https://www.taxtmi.com/caselaws?id=163404 A sales tax exemption notification for new industrial units treated "effective steps" as a composite test requiring cumulative compliance with the prescribed pre-cut-off conditions. For a small-scale unit, provisional registration before the cut-off date, fulfilment of the land requirement, and the relevant financial arrangement had to be read together; the word "or" applied only to the alternative financing routes, not to the foundational eligibility conditions. On that construction, later satisfaction of one element could not substitute for missing mandatory steps, and a unit without provisional registration before the cut-off date would not qualify for the exemption. en-us Tue, 22 Jun 2004 00:00:00 +0530 Wed, 02 Apr 2014 12:09:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163404 A sales tax exemption notification for new industrial units treated "effective steps" as a composite test requiring cumulative compliance with the prescribed pre-cut-off conditions. For a small-scale unit, provisional registration before the cut-off date, fulfilment of the land requirement, and the relevant financial arrangement had to be read together; the word "or" applied only to the alternative financing routes, not to the foundational eligibility conditions. On that construction, later satisfaction of one element could not substitute for missing mandatory steps, and a unit without provisional registration before the cut-off date would not qualify for the exemption. Case-Laws VAT and Sales Tax Tue, 22 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163404