https://www.taxtmi.com/caselaws?id=163500 Exemption under section 4A of the U.P. Trade Tax Act could not be denied merely because the SSI registration certificate was issued after production began or because the term loan was sanctioned in the name of an authorised partner. The departmental circular of 10.03.1987 was treated as binding and recognised that such a timing difference is a normal situation that does not by itself defeat relief. The loan was also treated as a firm loan taken through an authorised partner, consistent with the partnership deed. Section 4A was construed purposively to advance support for new industrial units, and technical discrepancies not affecting substantive eligibility were rejected. en-us Wed, 01 Oct 2003 00:00:00 +0530 Thu, 03 Apr 2014 15:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163500 Exemption under section 4A of the U.P. Trade Tax Act could not be denied merely because the SSI registration certificate was issued after production began or because the term loan was sanctioned in the name of an authorised partner. The departmental circular of 10.03.1987 was treated as binding and recognised that such a timing difference is a normal situation that does not by itself defeat relief. The loan was also treated as a firm loan taken through an authorised partner, consistent with the partnership deed. Section 4A was construed purposively to advance support for new industrial units, and technical discrepancies not affecting substantive eligibility were rejected. Case-Laws VAT and Sales Tax Wed, 01 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163500