https://www.taxtmi.com/caselaws?id=164086 For exemption under section 4A of the U.P. Trade Tax Act, 1948, the entitlement is computed with reference to the turnover of the full assessment year, treated as a twelve-month period ending on 31 March, after deducting the base production fixed under the scheme. The statutory notification was read to grant exemption on goods produced in excess of that base during the assessment year, rather than on a stage-wise basis from the date the base production is first achieved. Applying the binding apex court view, the dealer is entitled to exemption on assessment-year turnover minus base production, and the contrary Tribunal view was held unsustainable. en-us Mon, 04 Aug 2008 00:00:00 +0530 Tue, 02 Dec 2014 19:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164086 For exemption under section 4A of the U.P. Trade Tax Act, 1948, the entitlement is computed with reference to the turnover of the full assessment year, treated as a twelve-month period ending on 31 March, after deducting the base production fixed under the scheme. The statutory notification was read to grant exemption on goods produced in excess of that base during the assessment year, rather than on a stage-wise basis from the date the base production is first achieved. Applying the binding apex court view, the dealer is entitled to exemption on assessment-year turnover minus base production, and the contrary Tribunal view was held unsustainable. Case-Laws VAT and Sales Tax Mon, 04 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164086