TaxTMI 
TaxTMI 
2004 (8) TMI 667
X X X X Extracts X X X X
X X X X Extracts X X X X
....Heard learned counsel for the parties and with their consent this writ petition is being disposed of at this stage, as the matter involves a short point. 2.. The petitioner got some benefits under a scheme known as "Target 2000, New Industrial Policy, 1995". The incentive with which we are concerned in this writ petition was that payment of sales tax was deferred for a period of 14 years with eff....
X X X X Extracts X X X X
X X X X Extracts X X X X
....se I was delayed due to circumstances beyond their control, the State Level Committee has decided to treat both phases as one unit as appraised by financial institution, i.e., IDBI and decided to sanction the eligible STD of Rs. 7,96,36,910 (rupees seven crores, ninety six lakhs thirty six thousand nine hundred and ten only) on the computed project cost of Rs. 5,89,90,310 to the Phase-II. This STD....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... he went into production on March 3, 2000 and the eligibility certificate was issued for second phase on March 4, 2003. In terms of the impugned order, the petitioner would not be eligible for an incentive for a period of almost three years. On one hand the State Level Committee did not enhance the period of 14 years for which the incentive was given to the petitioner and on the other hand the St....
X X X X Extracts X X X X
X X X X Extracts X X X X
....mmittee was perhaps under the impression that for the period of three years the petitioner had paid the sales tax, whereas, as a matter of fact, he has not paid any tax. The learned Government Pleader for Commercial Taxes submits that the assessments have been made for this period and the petitioner was liable to pay the tax. In any case, the tax liability of the petitioner was deferred for a peri....