https://www.taxtmi.com/caselaws?id=194300 Section 8(2-A) of the U.P. Trade Tax Act grants a moratorium only as a substitute for exemption under section 4-A and subject to the prescribed conditions. Rule 43(8) expressly denies that benefit where a manufacturer has availed exemption or reduction in tax under section 4-A, even partly. On the stated facts, the returns showed that exemption under section 4-A had been claimed for the relevant months, so the statutory bar applied. The provision was treated as clear and unambiguous, and the taxing language was construed strictly without resort to equity, hardship, or a liberal reading of the deferment scheme. en-us Fri, 09 Sep 2005 00:00:00 +0530 Mon, 04 Sep 2017 18:44:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194300 Section 8(2-A) of the U.P. Trade Tax Act grants a moratorium only as a substitute for exemption under section 4-A and subject to the prescribed conditions. Rule 43(8) expressly denies that benefit where a manufacturer has availed exemption or reduction in tax under section 4-A, even partly. On the stated facts, the returns showed that exemption under section 4-A had been claimed for the relevant months, so the statutory bar applied. The provision was treated as clear and unambiguous, and the taxing language was construed strictly without resort to equity, hardship, or a liberal reading of the deferment scheme. Case-Laws VAT and Sales Tax Fri, 09 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194300