1997 (2) TMI 497

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ax Tribunal, Lucknow Bench, Lucknow. 2.. The opposite party set up a unit for manufacturing detergent powder and soaps and was granted an eligibility certificate for a period of five years, commencing from May 16, 1983. 3.. By order dated February 5, 1988 passed under section 4-A(3) of the U.P. Trade Tax Act, 1948, the Commissioner, Trade Tax, reduced the period from five years to three year....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... plant and machinery was more than Rs. 3 lakhs and, therefore, the order passed by the Commissioner, Trade Tax, reducing the period of exemption, was bad. 5.. It has come in the order of the Sales Tax Commissioner that the investment in the building of the unit was to the tune of Rs. 74,285 and the investment made in the plant and machinery was Rs. 55,341. Total of these two amounts is Rs. 1,29....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....share is only Rs. 2,25,000 (Rs. 75,000 of the share of each partner). The submission of the Standing Counsel is that even if the land is deemed to be belonging to the partners, only the value of their share will be taken into account and that falls short of Rs. 3 lakhs. Assuming but not accepting that the value of the land on which the unit has been set up is only Rs. 2,25,000 as argued by the Sta....