https://www.taxtmi.com/caselaws?id=166493 The expression "original fixed capital investment" under the diversification exemption scheme means the initial capital investment made when the unit was established, not the total investment subsisting when the later exemption claim is made. The provision requiring additional fixed capital investment of at least twenty-five per cent was read in its ordinary sense and purposively as an incentive measure, so the later diversification investment had to be measured against the original investment base. The assessee was therefore entitled to consideration of exemption on that basis. en-us Thu, 31 Mar 2011 00:00:00 +0530 Tue, 30 Sep 2014 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166493 The expression "original fixed capital investment" under the diversification exemption scheme means the initial capital investment made when the unit was established, not the total investment subsisting when the later exemption claim is made. The provision requiring additional fixed capital investment of at least twenty-five per cent was read in its ordinary sense and purposively as an incentive measure, so the later diversification investment had to be measured against the original investment base. The assessee was therefore entitled to consideration of exemption on that basis. Case-Laws VAT and Sales Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166493