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1995 (9) TMI 288 - SC - VAT and Sales TaxWhether respondents were entitled to exemption from octroi or not because of what has been stated in clause (i) of the clarification? Held that:- Appeal dismissed. If the new undertaking by separate and independent production units were to come in existence in the sense of producing a distinct commercial product and the undertaking could be carried on separately, the same would not be treated as being formed by reconstruction of the old business. From the material on record, we are satisfied that unit No. 2 did meet these requirements, and so, exemption could not have been denied, by taking a view that unit No. 2 was not a new industry, because of what has been stated in clause (i) of the clarification.
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