https://www.taxtmi.com/caselaws?id=312825 An exemption scheme for tourism incentives had to be applied according to the charging provision and the scheme's express terms. The Court held that, for setting off eligible capital investment, only the entertainment-tax component notionally recoverable from the ticket could be adjusted; an administrative circular could not require a notional gross-up or treat the entire ticket value as capital value, so that challenge succeeded. On the extension issue, the scheme fixed a time limit for commencement of commercial operations and later resolutions excluded further enlargement of that period; units that missed the deadline were not entitled to extension or scheme benefits, so that challenge failed. en-us Fri, 26 Jun 2009 00:00:00 +0530 Mon, 11 Mar 2024 13:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312825 An exemption scheme for tourism incentives had to be applied according to the charging provision and the scheme's express terms. The Court held that, for setting off eligible capital investment, only the entertainment-tax component notionally recoverable from the ticket could be adjusted; an administrative circular could not require a notional gross-up or treat the entire ticket value as capital value, so that challenge succeeded. On the extension issue, the scheme fixed a time limit for commencement of commercial operations and later resolutions excluded further enlargement of that period; units that missed the deadline were not entitled to extension or scheme benefits, so that challenge failed. Case-Laws Indian Laws Fri, 26 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312825