https://www.taxtmi.com/caselaws?id=160654 The Madhya Pradesh High Court held that expenditure on acquiring technical knowhow did not qualify as investment in "plant" or "fixed assets" for deferment of commercial tax under the Deferment Rules. Because "plant" was not defined in the rules or connected sales tax enactments, the term was construed in its ordinary and contextual sense, alongside the scheme's focus on permanent fixed assets such as land, building, plant and machinery. Technical knowhow fees were treated as a useful business outlay, but not as apparatus used in the manufacturing process or as fixed capital investment. The claim to include that expenditure in eligible capital investment therefore failed. en-us Thu, 20 Apr 2000 00:00:00 +0530 Sat, 21 Dec 2013 15:05:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160654 The Madhya Pradesh High Court held that expenditure on acquiring technical knowhow did not qualify as investment in "plant" or "fixed assets" for deferment of commercial tax under the Deferment Rules. Because "plant" was not defined in the rules or connected sales tax enactments, the term was construed in its ordinary and contextual sense, alongside the scheme's focus on permanent fixed assets such as land, building, plant and machinery. Technical knowhow fees were treated as a useful business outlay, but not as apparatus used in the manufacturing process or as fixed capital investment. The claim to include that expenditure in eligible capital investment therefore failed. Case-Laws VAT and Sales Tax Thu, 20 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160654