https://www.taxtmi.com/caselaws?id=174509 Section 2(2) exempts a building from the Act for ten years from the date of completion of construction, and the Explanation prescribes a deeming method for fixing that date by reference to the local authority's report, the local authority's record, the first assessment becoming effective, or first occupation. Where the first three reference points are available, the earliest applicable date governs. An assessment entry showing only "Q September 1982" did not establish completion on 1 July 1982, because it indicated only the third quarter of 1982. As the first assessment became effective on 1 April 1983, the Act continued to apply and the exemption claim failed. en-us Wed, 08 Sep 2004 00:00:00 +0530 Wed, 02 Dec 2015 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174509 Section 2(2) exempts a building from the Act for ten years from the date of completion of construction, and the Explanation prescribes a deeming method for fixing that date by reference to the local authority's report, the local authority's record, the first assessment becoming effective, or first occupation. Where the first three reference points are available, the earliest applicable date governs. An assessment entry showing only "Q September 1982" did not establish completion on 1 July 1982, because it indicated only the third quarter of 1982. As the first assessment became effective on 1 April 1983, the Act continued to apply and the exemption claim failed. Case-Laws Indian Laws Wed, 08 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174509