COMMERCIAL TAX OFFICER, RAJASTHAN vs BINANI CEMENT LTD.

The Supreme Court upheld the High Court's decision dismissing the Revenue's revision petition regarding the eligibility certificate for exemption from Central and Rajasthan Sales Tax under the 'Sales Tax New Incentive Scheme for Industries, 1989'. The Court clarified that the respondent-assessee, M/s. Binani Cements Ltd., qualified for the exemption due to its substantial fixed capital investment exceeding Rs. 500 Crores and employment of over 250 individuals, as stipulated under Section 4(2) of the Rajasthan Sales Tax Act, 1954. The judgment reinforces the interpretation of eligibility criteria under the relevant scheme, affirming the High Court's ruling in favor of the assessee.