2008 (12) TMI 705 - HC - VAT and Sales Tax

Summary

The High Court of Allahabad dismissed a revision filed by the State under the U.P. Trade Tax Act, 1948 for the assessment year 1993-94. The Tribunal was justified in granting full exemption to the dealer under section 4A despite investment being below 50 crores. The investment was later shown to be Rs. 106.85 crores, leading to the dealer being granted 100% exemption. The court found no legal question and upheld the Tribunal's decision, dismissing the revision with no costs.