Uttarakhand VAT: Capital Investment of Plant & Machinery cannot be assessed by Assessing Authority

Akums Drugs & Pharmaceuticals Ltd Vs Commissioner of Commercial Taxes (Uttarakhand High Court) Whether the order of the Sales Tax Tribunal, Uttarakhand in holding that the revisionist is not entitled to reduce the levy of Central Sales Tax @ 1% for the financial year 2010-11 onwards) after the Capital Investment of Plant and Machinery, having exceeded R. 25 Crores in it’s Unit-1, as on 18.03.2010, is erroneous in the facts of this case? As per the Industrial Policy Vision Note in the year 2001 envisaged by the Government Order, the total capital investment in Plant and Machinery by asses...