2003 (8) TMI 493

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.... manufacture and sale of HPMV burners and lamps, etc. Petitioner set up a manufacturing unit at Mulbagal during 1990 on the basis of the impugned Industrial Policy. A copy of the Government Order is filed at annexure A. Sales tax concession was implemented in terms of section 8-A of the Act. Notifications dated June 7, 1989 are filed at annexures B and C. Petitioner was issued with eligibility certificate by the Department of Industries in terms of annexure D. Assessment order was passed by the Assistant Commissioner of Commercial Taxes for the year 1994-95. Petitioner understood the Government Order as a liability to the extent of 50 per cent on the petitioner and 50 per cent as tax exemption. Petitioner's understanding was accepted by the....

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....ax exemption of 50 per cent of the value of fixed assets over a period of five years from the date of commercial production subject to a total ceiling of rupees twenty lakhs. In case of small-scale units in Zone III the ceiling is thirty lakhs. Notification dated June 7, 1989 provides for a table. Insofar as SSI units are concerned, it provides for exemption for a period of 7 years from the date of commercial production or from the date of notification whichever is later. Explanation II provides for no eligibility under certain circumstances. It states that the provisions of the notification shall not be applicable to the turnover on which tax is collected by the eligible units under the provisions of the Karnataka Sales Tax Act. 6.. ....