STATE OF RAJASTHAN vs J.K. UDAIPUR UDYOG LTD.

The Supreme Court interpreted the Rajasthan Sales Tax/Central Sales Tax Exemption Scheme for Industries, 1998, framed under Section 15 of the Rajasthan Sales Tax Act, 1994 and Section 8(5) of the Central Sales Tax Act, 1956. The Court held that sick industrial units are entitled to benefits under the scheme, provided they meet specific criteria, including not having availed prior benefits and having a rehabilitation plan. The judgment clarified the eligibility criteria for exemptions and the nature of benefits available to new and sick units, affirming the scheme's intent to promote industrial growth in Rajasthan.