1991 (5) TMI 249 - HC - VAT and Sales Tax

Summary

The petitioner sought benefits under the "New Industrial Policy, 1989" for deferment/exemption of sales tax. The court found the penalties imposed on the petitioner for non-payment of tax unsustainable due to confusion over the effective date of the policy. The orders imposing penalties were quashed, and the matter was remanded to the Assessing Authority for a fresh decision. The petitioner can present all legal and factual matters before the Authority. Parties directed to appear before the Authority on 1st July, 1991. Petition allowed.