https://www.taxtmi.com/caselaws?id=159539 Eligibility for certificates under rule 3(66) of the Bengal Sales Tax Rules turned on whether transformers installed by the assessees formed part of the investment in plant and machinery. The Tribunal, applying earlier decisions and the electricity board's requirement that the units install their own step-down transformers and related equipment, held that the transformers were not includible in that computation. Once excluded, the investment fell below the prescribed limit, so cancellation of the eligibility certificates and renewals could not be sustained. en-us Thu, 15 Apr 1993 00:00:00 +0530 Wed, 27 Nov 2013 12:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159539 Eligibility for certificates under rule 3(66) of the Bengal Sales Tax Rules turned on whether transformers installed by the assessees formed part of the investment in plant and machinery. The Tribunal, applying earlier decisions and the electricity board's requirement that the units install their own step-down transformers and related equipment, held that the transformers were not includible in that computation. Once excluded, the investment fell below the prescribed limit, so cancellation of the eligibility certificates and renewals could not be sustained. Case-Laws VAT and Sales Tax Thu, 15 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159539