https://www.taxtmi.com/caselaws?id=160126 Under the 27 July 1991 exemption notification, "fixed capital investment" for an existing unit undertaking expansion, diversification or modernisation was held to include both the original investment and the additional post-1 April 1990 investment, because the notification did not confine the benefit to additional investment alone. In phased expansion, the scheme was treated as one integrated expansion rather than separate projects, and pre-operative expenses and interest payable to financial institutions were allowed to form part of the eligible investment base when properly capitalised and . Administrative circulars could not narrow the statutory notification, and the eligibility certificate was directed to be revised accordingly. en-us Thu, 13 Jan 2000 00:00:00 +0530 Tue, 10 Dec 2013 15:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160126 Under the 27 July 1991 exemption notification, "fixed capital investment" for an existing unit undertaking expansion, diversification or modernisation was held to include both the original investment and the additional post-1 April 1990 investment, because the notification did not confine the benefit to additional investment alone. In phased expansion, the scheme was treated as one integrated expansion rather than separate projects, and pre-operative expenses and interest payable to financial institutions were allowed to form part of the eligible investment base when properly capitalised and . Administrative circulars could not narrow the statutory notification, and the eligibility certificate was directed to be revised accordingly. Case-Laws VAT and Sales Tax Thu, 13 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160126