Company's Attempt to Extend Tax Exemption Denied; Units I & II Treated as Single Entity Under Tax Rules.

Company's Attempt to Extend Tax Exemption Denied; Units I & II Treated as Single Entity Under Tax Rules. https://www.taxtmi.com/highlights?id=26688 Area based exemption - The attempt to set up the Unit-II as a separate Unit on first floor of the Unit-I appears to be an attempt by the appellant company to enjoy the exemption in the name of Unit-II for another period of ten years. Since, we have held that Unit-II has no existence and Unit-I and Unit II have to be treated as one unit, the same would be eligible for exemption only for a period of ten years from the date on which the unit-I had commenced commercial production - AT en-us Wed, 30 Dec 2015 13:48:40 +0530 Wed, 30 Dec 2015 13:48:40 +0530 TaxTMI RSS Generator Company's Attempt to Extend Tax Exemption Denied; Units I & II Treated as Single Entity Under Tax Rules. https://www.taxtmi.com/highlights?id=26688 Area based exemption - The attempt to set up the Unit-II as a separate Unit on first floor of the Unit-I appears to be an attempt by the appellant company to enjoy the exemption in the name of Unit-II for another period of ten years. Since, we have held that Unit-II has no existence and Unit-I and Unit II have to be treated as one unit, the same would be eligible for exemption only for a period of ten years from the date on which the unit-I had commenced commercial production - AT Highlights Central Excise Wed, 30 Dec 2015 13:48:40 +0530 https://www.taxtmi.com/highlights?id=26688