https://www.taxtmi.com/caselaws?id=173836 The Court ruled in favor of the petitioners, entrepreneurs in backward areas, regarding sales tax exemption under the Package Scheme of incentives by the Government of Maharashtra. The Court interpreted the Scheme provisions to allow for exemption based on cumulative gross fixed capital investment, not limited to the initial investment. Legal precedent and government representations were considered binding, ensuring entitlement once earned cannot be altered. The adverse communications from the Sales Tax Department and SICOM were quashed, affirming the petitioners' right to claim exemption based on cumulative capital investment. Authorities were directed to assess actual cumulative capital investment for granting exemptions. en-us Tue, 19 Jun 2007 00:00:00 +0530 Wed, 23 Sep 2015 13:32:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173836 The Court ruled in favor of the petitioners, entrepreneurs in backward areas, regarding sales tax exemption under the Package Scheme of incentives by the Government of Maharashtra. The Court interpreted the Scheme provisions to allow for exemption based on cumulative gross fixed capital investment, not limited to the initial investment. Legal precedent and government representations were considered binding, ensuring entitlement once earned cannot be altered. The adverse communications from the Sales Tax Department and SICOM were quashed, affirming the petitioners' right to claim exemption based on cumulative capital investment. Authorities were directed to assess actual cumulative capital investment for granting exemptions. Case-Laws VAT and Sales Tax Tue, 19 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173836