https://www.taxtmi.com/caselaws?id=158591 For exemption under section 4-A(3) of the U.P. Trade Tax Act, 1948, the relevant investment is to be assessed on the total value of the land, building, plant and machinery connected with the unit. On the facts stated, the land value together with the admitted investment in the building and plant and machinery exceeded the statutory minimum of Rs. 3 lakhs, so the view that the investment was below threshold could not be sustained. An order reducing the exemption period cannot stand where the unit's total qualifying investment crosses the prescribed minimum. en-us Thu, 13 Feb 1997 00:00:00 +0530 Fri, 01 Nov 2013 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158591 For exemption under section 4-A(3) of the U.P. Trade Tax Act, 1948, the relevant investment is to be assessed on the total value of the land, building, plant and machinery connected with the unit. On the facts stated, the land value together with the admitted investment in the building and plant and machinery exceeded the statutory minimum of Rs. 3 lakhs, so the view that the investment was below threshold could not be sustained. An order reducing the exemption period cannot stand where the unit's total qualifying investment crosses the prescribed minimum. Case-Laws VAT and Sales Tax Thu, 13 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158591