https://www.taxtmi.com/caselaws?id=165092 The industrial incentive notification was construed together with the policy to preserve its object of encouraging units in backward and developing areas. An eligible unit was entitled to exemption or concessional sales tax up to the prescribed turnover ceiling, according to its category and location. Once turnover exceeded that limit, the benefit did not disappear for sales within the ceiling; tax became payable only on the excess turnover. This interpretation avoided rendering the incentive scheme unworkable and maintained the intended tax relief structure. en-us Tue, 03 Nov 2009 00:00:00 +0530 Tue, 28 Oct 2014 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165092 The industrial incentive notification was construed together with the policy to preserve its object of encouraging units in backward and developing areas. An eligible unit was entitled to exemption or concessional sales tax up to the prescribed turnover ceiling, according to its category and location. Once turnover exceeded that limit, the benefit did not disappear for sales within the ceiling; tax became payable only on the excess turnover. This interpretation avoided rendering the incentive scheme unworkable and maintained the intended tax relief structure. Case-Laws VAT and Sales Tax Tue, 03 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165092