https://www.taxtmi.com/caselaws?id=387756 Under Section 4-A of the U.P. Trade Tax Act, exemption claims for diversification must be tested on the substance of the investment, not on the number of applications filed. Separate applications for different products do not, by themselves, defeat a claim of single composite diversification where the surrounding evidence shows one integrated project. The Tribunal was found to have misdirected itself by ignoring material evidence such as approval letters, invoices, machinery details, and the timing of investment and production, and by treating the absence of a fixed evidentiary formula as fatal. The matter was therefore required to be reconsidered on proper appreciation of the evidence and the correct legal approach. en-us Thu, 24 Oct 2019 00:00:00 +0530 Mon, 30 Nov 2020 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387756 Under Section 4-A of the U.P. Trade Tax Act, exemption claims for diversification must be tested on the substance of the investment, not on the number of applications filed. Separate applications for different products do not, by themselves, defeat a claim of single composite diversification where the surrounding evidence shows one integrated project. The Tribunal was found to have misdirected itself by ignoring material evidence such as approval letters, invoices, machinery details, and the timing of investment and production, and by treating the absence of a fixed evidentiary formula as fatal. The matter was therefore required to be reconsidered on proper appreciation of the evidence and the correct legal approach. Case-Laws VAT and Sales Tax Thu, 24 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387756