https://www.taxtmi.com/caselaws?id=164387 An assessing authority cannot alter the benchmark year or substitute fresh base production and sales figures fixed in an eligibility certificate for interest-free sales tax deferral. The governing policy required the base production and base sales volume to be determined and incorporated when the certificate was issued, and once issued and acted upon, that benchmark could be changed only by the authority that granted the certificate. The assessment demand based on assessment year 1995-96 was therefore unsustainable, and the original benchmark in the eligibility certificate had to be applied. en-us Tue, 06 Apr 2010 00:00:00 +0530 Mon, 13 Oct 2014 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164387 An assessing authority cannot alter the benchmark year or substitute fresh base production and sales figures fixed in an eligibility certificate for interest-free sales tax deferral. The governing policy required the base production and base sales volume to be determined and incorporated when the certificate was issued, and once issued and acted upon, that benchmark could be changed only by the authority that granted the certificate. The assessment demand based on assessment year 1995-96 was therefore unsustainable, and the original benchmark in the eligibility certificate had to be applied. Case-Laws VAT and Sales Tax Tue, 06 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164387