https://www.taxtmi.com/caselaws?id=207568 Section 4-A of the U.P. Trade Tax Act was construed purposively to promote industrial investment, and "fixed capital investment" was read to include apparatus, equipment and components necessary for the establishment or running of the factory. Bottles used in bottling soft drinks were treated as an essential part of the manufacturing process and therefore includible in fixed capital investment for exemption purposes. Crates, however, were regarded as used only for storage, marketing and transport of finished goods after manufacture, and were not includible. The exemption was thus available for bottles but not for crates. en-us Mon, 11 Apr 2011 00:00:00 +0530 Wed, 14 Mar 2012 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207568 Section 4-A of the U.P. Trade Tax Act was construed purposively to promote industrial investment, and "fixed capital investment" was read to include apparatus, equipment and components necessary for the establishment or running of the factory. Bottles used in bottling soft drinks were treated as an essential part of the manufacturing process and therefore includible in fixed capital investment for exemption purposes. Crates, however, were regarded as used only for storage, marketing and transport of finished goods after manufacture, and were not includible. The exemption was thus available for bottles but not for crates. Case-Laws VAT and Sales Tax Mon, 11 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207568