SC allows sales tax benefit for when one of the criteria was fulfilled

State of Tamil Nadu & ANR. Vs. India Cements Ltd. & ANR. –The Supreme Court last week dismissed the appeal of the Tamil Nadu government which denied sales tax benefits to India Cements Ltd. The high court had held that the cement firm was entitled to the benefit of deferral of sales tax as claimed by it under the interest free sales tax deferral scheme. With a view to promote industrialization, the government of Tamil Nadu had declared 105 taluks as industrially backward for the purpose of grant of interest free sales tax loan, interest free sales tax deferral, state capital subs...