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2006 (5) TMI 177 - SC - VAT and Sales TaxWhether the industrial unit set up by the appellant fulfilled all the necessary conditions for being declared a "prestigious unit"? Whether the appellant had made the necessary investment of Rs. 25 crores or more within the period prescribed? Whether the negative list appended to S.R.O. No. 249 applies to "prestigious units" as well? Held that:- Appeal allowed ,set aside the judgment and order of the High Court of Jammu and Kashmir. It is declared that the appellant is entitled to all the incentives and subsidies applicable to "prestigious units" under the new Industrial Policy published vide Government Order No. 202-IND of 1998 dated May 27, 1998, and the notifications issued pursuant thereto from the date the aforesaid unit went into commercial production.
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