https://www.taxtmi.com/caselaws?id=164935 An exemption notification under section 4(2) of the Rajasthan Sales Tax Act, 1954 covering plant and machinery for setting up a new industry was construed purposively. The setting up of an industrial unit was treated as a continuous process, not as a completed event on the start of commercial production. Machinery ordered during the setting-up stage and purchased within the life of the notification remained eligible, even if received after production commenced. Applying that approach, the assessee was entitled to exemption for the two machines purchased after commencement of commercial production, and the tax authorities' denial was held incorrect. en-us Thu, 21 Jan 2010 00:00:00 +0530 Fri, 17 Oct 2014 13:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164935 An exemption notification under section 4(2) of the Rajasthan Sales Tax Act, 1954 covering plant and machinery for setting up a new industry was construed purposively. The setting up of an industrial unit was treated as a continuous process, not as a completed event on the start of commercial production. Machinery ordered during the setting-up stage and purchased within the life of the notification remained eligible, even if received after production commenced. Applying that approach, the assessee was entitled to exemption for the two machines purchased after commencement of commercial production, and the tax authorities' denial was held incorrect. Case-Laws VAT and Sales Tax Thu, 21 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164935