https://www.taxtmi.com/caselaws?id=287262 An industrial incentive policy granted old units, with plant and machinery investment not exceeding Rs. 15 crores on 1.4.1993, a limited exemption on purchase of raw materials for seven years under paragraph 10.4(i)(b). The policy had to be read as a whole, and that clause did not add any condition that the unit must have foregone benefits under an earlier incentive scheme. A later notification could implement the policy, but could not impose an additional substantive restriction that narrowed the entitled class. The restrictive condition in the notification was therefore inconsistent with the policy and invalid to that extent. en-us Sun, 01 Jan 1995 00:00:00 +0530 Mon, 06 Apr 2020 15:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287262 An industrial incentive policy granted old units, with plant and machinery investment not exceeding Rs. 15 crores on 1.4.1993, a limited exemption on purchase of raw materials for seven years under paragraph 10.4(i)(b). The policy had to be read as a whole, and that clause did not add any condition that the unit must have foregone benefits under an earlier incentive scheme. A later notification could implement the policy, but could not impose an additional substantive restriction that narrowed the entitled class. The restrictive condition in the notification was therefore inconsistent with the policy and invalid to that extent. Case-Laws Indian Laws Sun, 01 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287262