SECRETARY TO GOVERNMENT vs M/S. PEEKAY RE-ROLLING MILLS (P) LTD.

The Supreme Court addressed the appeals concerning tax exemption under Section 10 of the Kerala General Sales Tax Act, 1963, for Peekay Re-Rolling Mills (P) Ltd. The Court held that the denial of tax exemption based on the classification of the respondent as a 'power intensive unit' was unjustified, as the respondent had made significant investments prior to the issuance of the negative list. The Court ruled in favor of the respondent, allowing the tax exemption claim for the period specified, thereby overturning the lower court's decision.