https://www.taxtmi.com/caselaws?id=330259 Rule 31AA of the Maharashtra Sales Tax Rules, 1959 was treated as invalid to the extent it operated retrospectively and required computation of cumulative incentives by ignoring the exemption provisions under the 1983 Package Scheme of Incentives. The court noted that the scheme was founded on a promised method of calculating notional sales tax liability by reference to the tax actually payable outside the scheme, and that a later rule could not retrospectively alter that basis or defeat benefits on which industrial units had relied when setting up in backward areas. Section 41B was not struck down. en-us Tue, 12 Jul 2016 00:00:00 +0530 Fri, 24 Mar 2017 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330259 Rule 31AA of the Maharashtra Sales Tax Rules, 1959 was treated as invalid to the extent it operated retrospectively and required computation of cumulative incentives by ignoring the exemption provisions under the 1983 Package Scheme of Incentives. The court noted that the scheme was founded on a promised method of calculating notional sales tax liability by reference to the tax actually payable outside the scheme, and that a later rule could not retrospectively alter that basis or defeat benefits on which industrial units had relied when setting up in backward areas. Section 41B was not struck down. Case-Laws VAT and Sales Tax Tue, 12 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330259