https://www.taxtmi.com/caselaws?id=248785 Exemption under Section 4-A of the Uttar Pradesh Trade Tax Act, 1948 had to operate strictly in accordance with the State notification, and the Court found no legal basis to compel enhancement of the notified 100% benefit to 200%. The Industrial Policy of 1994 was treated as a policy statement indicating possible special incentives on a case-by-case basis, not a self-executing entitlement to an increased exemption. The Court also noted that the petitioner had already enjoyed the notified exemption and that the challenge, raised after the exemption period had expired, was barred by laches. The writ petition therefore failed, and the notification remained effective as issued. en-us Wed, 14 May 2014 00:00:00 +0530 Fri, 24 Jul 2015 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248785 Exemption under Section 4-A of the Uttar Pradesh Trade Tax Act, 1948 had to operate strictly in accordance with the State notification, and the Court found no legal basis to compel enhancement of the notified 100% benefit to 200%. The Industrial Policy of 1994 was treated as a policy statement indicating possible special incentives on a case-by-case basis, not a self-executing entitlement to an increased exemption. The Court also noted that the petitioner had already enjoyed the notified exemption and that the challenge, raised after the exemption period had expired, was barred by laches. The writ petition therefore failed, and the notification remained effective as issued. Case-Laws VAT and Sales Tax Wed, 14 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248785