https://www.taxtmi.com/caselaws?id=242560 Expenditure qualifies as fixed capital investment for exemption under section 4-A of the U.P. Trade Tax Act only where it has a direct nexus with the industrial undertaking and supports acquisition, setup, or efficient functioning of the unit. Railway siding, additional silos, lease rent, and interest on deferred instalments were treated as admissible because they were linked to industrial operations and occupation of the site. By contrast, approval charges for land drawing, fly ash extraction system expenses, tempo traveller costs, technical study charges, most pre-operative expenses, and railway-side layout and drawing were disallowed as recurring, unrelated, or not shown to be capital investment. The Tribunal's partial allowance and disallowance were upheld. en-us Wed, 15 Jan 2014 00:00:00 +0530 Wed, 08 Oct 2014 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242560 Expenditure qualifies as fixed capital investment for exemption under section 4-A of the U.P. Trade Tax Act only where it has a direct nexus with the industrial undertaking and supports acquisition, setup, or efficient functioning of the unit. Railway siding, additional silos, lease rent, and interest on deferred instalments were treated as admissible because they were linked to industrial operations and occupation of the site. By contrast, approval charges for land drawing, fly ash extraction system expenses, tempo traveller costs, technical study charges, most pre-operative expenses, and railway-side layout and drawing were disallowed as recurring, unrelated, or not shown to be capital investment. The Tribunal's partial allowance and disallowance were upheld. Case-Laws VAT and Sales Tax Wed, 15 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242560