https://www.taxtmi.com/caselaws?id=160044 Amounts payable for land and building after the date of first sale could not be treated as fixed capital investment for section 4-A eligibility, because only investment actually made on or before the relevant commencement date counted; the exemption was therefore denied for the balance amount. Plant and machinery purchased from a State Government corporation had to be examined under the post-31 March 1990 explanation to section 4-A, which excludes previously used machinery but carves out machinery sold by a Government company or government-controlled corporation; the authority's reliance on the wrong clause was erroneous, so the denial on this issue was set aside and the matter remanded for reconsideration. en-us Wed, 29 Mar 2000 00:00:00 +0530 Sat, 07 Dec 2013 15:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160044 Amounts payable for land and building after the date of first sale could not be treated as fixed capital investment for section 4-A eligibility, because only investment actually made on or before the relevant commencement date counted; the exemption was therefore denied for the balance amount. Plant and machinery purchased from a State Government corporation had to be examined under the post-31 March 1990 explanation to section 4-A, which excludes previously used machinery but carves out machinery sold by a Government company or government-controlled corporation; the authority's reliance on the wrong clause was erroneous, so the denial on this issue was set aside and the matter remanded for reconsideration. Case-Laws VAT and Sales Tax Wed, 29 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160044