https://www.taxtmi.com/caselaws?id=314033 The HC ruled in favor of the assessee, determining that the investment in plant and machinery, including Modvat incentives, should be included in the fixed capital investment under the U.P. Trade Tax Act. The court also held that the statutory requirement for car parking should be considered part of the fixed capital investment, reversing the tribunal's disallowance. en-us Mon, 15 Feb 2010 00:00:00 +0530 Tue, 14 May 2024 13:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314033 The HC ruled in favor of the assessee, determining that the investment in plant and machinery, including Modvat incentives, should be included in the fixed capital investment under the U.P. Trade Tax Act. The court also held that the statutory requirement for car parking should be considered part of the fixed capital investment, reversing the tribunal's disallowance. Case-Laws VAT and Sales Tax Mon, 15 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314033