Supreme Court · 2006 INSC 320 · Decided 12 May 2006
M/S. Jai Beverages PVT. LTD. v. State of J & Kand ORS.
- Court
- Supreme Court of India
- Citation
- 2006 INSC 320 · [2006] SUPP. 2 S.C.R. 497
- Case number
- CIVIL APPEAL No. 7147/2004
- Decided
- 12 May 2006
- Bench
- B.P. SINGH, TARUN CHATTERJEE, ALTAMAS KABIR (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Jammu & Kashmir General Sales Tax Act, 1962: Section 5. New Industrial Policy (1998~2003)-Payment of sales tax-Exemption from-Incentives- "Prestigious units "-The said Industrial Policy offered a package of incentives to industrial units and in particular to "prestigious up by a company-A Notification was issued by the State Government exempting "prestigious units" from payment of General Sales Tax and Central Sales Tax for a period of 5 years from the date of production or until such amount of exemption reached the level of 150% of capital investment
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