Court Denies Entry Tax Exemption for Iron and Steel Materials in Plant Expansion; Lacks Direct Machinery Connection.

Court Denies Entry Tax Exemption for Iron and Steel Materials in Plant Expansion; Lacks Direct Machinery Connection. https://www.taxtmi.com/highlights?id=62983 Exemption from Entry tax - Iron & Steel (MS Angle, MS Channel, MS Plate, MS Beam, etc.) used in expansion of Cent Plan - capital goods or not - the certificate of Charted Accountant nowhere mentions as to how the consumption of iron & steel is directly connected with the plant & machinery or its accessories or its components - Only by referring or describing the user will not help the assessee for treating the iron & steel used for the constructions of buildings as “capital goods”, more precisely, as “plant & machinery”. - HC en-us Tue, 19 Apr 2022 08:53:17 +0530 Tue, 19 Apr 2022 08:53:17 +0530 TaxTMI RSS Generator Court Denies Entry Tax Exemption for Iron and Steel Materials in Plant Expansion; Lacks Direct Machinery Connection. https://www.taxtmi.com/highlights?id=62983 Exemption from Entry tax - Iron & Steel (MS Angle, MS Channel, MS Plate, MS Beam, etc.) used in expansion of Cent Plan - capital goods or not - the certificate of Charted Accountant nowhere mentions as to how the consumption of iron & steel is directly connected with the plant & machinery or its accessories or its components - Only by referring or describing the user will not help the assessee for treating the iron & steel used for the constructions of buildings as “capital goods”, more precisely, as “plant & machinery”. - HC Highlights VAT and Sales Tax Tue, 19 Apr 2022 08:53:17 +0530 https://www.taxtmi.com/highlights?id=62983