https://www.taxtmi.com/caselaws?id=164382 Industrial promotion scheme exemption ceilings must be computed with reference to the actual sales tax incidence on the goods dealt in by the dealer, including any concessional rate already available under the taxing statute. Where the sales tax law contains no express prohibition on concurrent enjoyment of the concession and the industrial incentive, authorities cannot substitute higher rates applicable to other goods to reduce the exemption benefit. A harmonious reading of the scheme requires that similarly placed units not be treated differently merely because of the incentive option exercised. The exemption ceiling therefore had to be recalculated on the basis of the concessional rates applicable to the assessee's transactions. en-us Fri, 28 Aug 2009 00:00:00 +0530 Sat, 01 Nov 2014 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164382 Industrial promotion scheme exemption ceilings must be computed with reference to the actual sales tax incidence on the goods dealt in by the dealer, including any concessional rate already available under the taxing statute. Where the sales tax law contains no express prohibition on concurrent enjoyment of the concession and the industrial incentive, authorities cannot substitute higher rates applicable to other goods to reduce the exemption benefit. A harmonious reading of the scheme requires that similarly placed units not be treated differently merely because of the incentive option exercised. The exemption ceiling therefore had to be recalculated on the basis of the concessional rates applicable to the assessee's transactions. Case-Laws VAT and Sales Tax Fri, 28 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164382