Calling in question the orders passed by the State Government through their Memo dated 26.4.2006, the present writ petition has been instituted by the writ petitioner company.

2. The writ petitioner company was selected for setting up IMAX theatre with multiplex and entertainment complex on land of little over two acres belonging to the State, which has agreed to lease out for a period of 33 years subject to the condition of payment of 5% of the market value of the land as lease amount. The petitioner company was required to establish an IMAX theatre and a multiplex with at least four screens and the important factor for the State Government seeking to establish this entertainment project on it's site is that r it will be sharing the revenue with• the petitioner company at the rate of 15% of gross receipts or Rs.2.5 1akhs per month whichever is higher. It has passed orders through its G.O. Ms. No.553, Revenue Department, dated 29.4.2003 granting exemption from entertainment tax for a q period of five years commencing from 23.7.2003 to 22.7.2008. It had also granted exemption from operation of the classification of the seating arrangement and the pricing of admission. Accordin