https://www.taxtmi.com/caselaws?id=164166 Delegated rules framed to implement Bihar's industrial incentive policy could not curtail a benefit granted by the policy itself, so the Explanatory Note to rule 3 was invalid to the extent it conflicted with the Sales Tax Incentive Scheme, 1989. For an existing industrial unit undertaking expansion, deferment of sales tax was required to be computed on incremental production over and above actual production capacity, not merely over and above installed capacity, because the policy had to be construed in a commercially realistic manner consistent with its objective of encouraging genuine expansion. en-us Tue, 20 May 2008 00:00:00 +0530 Mon, 08 Dec 2014 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164166 Delegated rules framed to implement Bihar's industrial incentive policy could not curtail a benefit granted by the policy itself, so the Explanatory Note to rule 3 was invalid to the extent it conflicted with the Sales Tax Incentive Scheme, 1989. For an existing industrial unit undertaking expansion, deferment of sales tax was required to be computed on incremental production over and above actual production capacity, not merely over and above installed capacity, because the policy had to be construed in a commercially realistic manner consistent with its objective of encouraging genuine expansion. Case-Laws VAT and Sales Tax Tue, 20 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164166