1997 (2) TMI 497 - HC - VAT and Sales Tax

Summary

The High Court of Allahabad dismissed the revision against the Sales Tax Tribunal's order, which had reduced the eligibility period for tax exemption. The Tribunal found that the land was H.U.F. property and the total investment exceeded Rs. 3 lakhs, including building and machinery. The Court held that the Commissioner's order was incorrect, as even considering the land value, the total investment surpassed Rs. 3 lakhs. The revision was dismissed, and the petition was also dismissed.