https://www.taxtmi.com/caselaws?id=433582 A tourism incentive exemption promised under G.O.Ms.No.6 was treated as part of the investment package for a new IMAX theatre and entertainment complex, and the prior grant of exemption for earlier assessment periods supported continuation for the remaining five-year period. The Court accepted that a subsequent shift from the Andhra Pradesh General Sales Tax Act, 1957 to the value added tax regime did not justify curtailing the promised tax benefit before expiry of the eligible period. The petitioner was therefore entitled to the balance exemption period, and the authorities were directed to extend the benefit and refund any amount payable within the specified time. en-us Wed, 25 Jan 2023 00:00:00 +0530 Sat, 04 Feb 2023 08:42:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433582 A tourism incentive exemption promised under G.O.Ms.No.6 was treated as part of the investment package for a new IMAX theatre and entertainment complex, and the prior grant of exemption for earlier assessment periods supported continuation for the remaining five-year period. The Court accepted that a subsequent shift from the Andhra Pradesh General Sales Tax Act, 1957 to the value added tax regime did not justify curtailing the promised tax benefit before expiry of the eligible period. The petitioner was therefore entitled to the balance exemption period, and the authorities were directed to extend the benefit and refund any amount payable within the specified time. Case-Laws VAT and Sales Tax Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433582