https://www.taxtmi.com/caselaws?id=251312 Under a beneficial fiscal incentive scheme, genuine fixed capital investment could not be denied on hyper-technical objections where evidence supported the claim. Plant and machinery investment paid through the parent company and by demand draft was treated as eligible to the extent certified, while transport-related claims required fresh examination. Expenditure on site development, land development and internal roads was also held not to fail merely because non-agricultural permission was pending, and those claims had to be reconsidered on the real substance of the investment. Technical consultancy fees, however, were not within the scheme's eligible capital investment and were correctly excluded. en-us Wed, 16 Nov 2011 00:00:00 +0530 Wed, 10 Sep 2014 10:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251312 Under a beneficial fiscal incentive scheme, genuine fixed capital investment could not be denied on hyper-technical objections where evidence supported the claim. Plant and machinery investment paid through the parent company and by demand draft was treated as eligible to the extent certified, while transport-related claims required fresh examination. Expenditure on site development, land development and internal roads was also held not to fail merely because non-agricultural permission was pending, and those claims had to be reconsidered on the real substance of the investment. Technical consultancy fees, however, were not within the scheme's eligible capital investment and were correctly excluded. Case-Laws VAT and Sales Tax Wed, 16 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251312