https://www.taxtmi.com/caselaws?id=197748 Section 2(f) of the U.P. Value Added Tax Act, 2008 treats plant, machinery, equipment, apparatus, tools, appliances and storage tanks as capital goods, and it does not require them to be movable. On that basis, MS sheets used to construct a silo storage tank embedded in earth were held to qualify for input tax credit because the silo functioned as a storage tank used in manufacture. The movable-versus-immovable distinction was not treated as a statutory bar where the item was used in the manufacturing process. The assessee's entitlement to input tax credit was upheld. en-us Wed, 19 Apr 2017 00:00:00 +0530 Wed, 14 Feb 2018 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197748 Section 2(f) of the U.P. Value Added Tax Act, 2008 treats plant, machinery, equipment, apparatus, tools, appliances and storage tanks as capital goods, and it does not require them to be movable. On that basis, MS sheets used to construct a silo storage tank embedded in earth were held to qualify for input tax credit because the silo functioned as a storage tank used in manufacture. The movable-versus-immovable distinction was not treated as a statutory bar where the item was used in the manufacturing process. The assessee's entitlement to input tax credit was upheld. Case-Laws VAT and Sales Tax Wed, 19 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197748