https://www.taxtmi.com/caselaws?id=255990 For exemption under Section 4-A of the U.P. Trade Tax Act, the expression "owned" in Explanation (1)(c) was construed broadly to include a person who had acquired possession and dominion over the property under a registered agreement to sell, even before formal conveyance of title. On the stated facts, the assessee had paid part of the consideration, obtained vacant possession, and commenced the unit from that date. The exemption therefore applied from entry into possession under the agreement to sell, not from the later registration of the sale deed. en-us Wed, 03 Sep 2014 00:00:00 +0530 Sat, 31 Jan 2015 13:07:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255990 For exemption under Section 4-A of the U.P. Trade Tax Act, the expression "owned" in Explanation (1)(c) was construed broadly to include a person who had acquired possession and dominion over the property under a registered agreement to sell, even before formal conveyance of title. On the stated facts, the assessee had paid part of the consideration, obtained vacant possession, and commenced the unit from that date. The exemption therefore applied from entry into possession under the agreement to sell, not from the later registration of the sale deed. Case-Laws VAT and Sales Tax Wed, 03 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255990