https://www.taxtmi.com/caselaws?id=265174 The High Court clarified that existing units undergoing expansion, diversification, or modernization are eligible for tax exemption under Explanation (5) of section 4A, not Explanation (1) which applies to new units. The court ruled in favor of the assessee, emphasizing that lease deed and registration issues are not required for existing units. Additionally, the court held that liquid pesticides and powder pesticides are distinct due to differences in ingredients and manufacturing processes, rejecting the Tribunal's view that they are the same. The court allowed the writ petition, quashed the Tribunal's order, and remanded the matter for further proceedings. en-us Wed, 26 Feb 2014 00:00:00 +0530 Wed, 07 Oct 2015 19:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265174 The High Court clarified that existing units undergoing expansion, diversification, or modernization are eligible for tax exemption under Explanation (5) of section 4A, not Explanation (1) which applies to new units. The court ruled in favor of the assessee, emphasizing that lease deed and registration issues are not required for existing units. Additionally, the court held that liquid pesticides and powder pesticides are distinct due to differences in ingredients and manufacturing processes, rejecting the Tribunal's view that they are the same. The court allowed the writ petition, quashed the Tribunal's order, and remanded the matter for further proceedings. Case-Laws VAT and Sales Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265174