Section 2(e): Plant, Machinery Sold after Business Closure Exempt from UPVAT

Commissioner Vs R.P. Milk Made Products (P) Ltd. (Allahabad High Court) The Allahabad High Court recently delivered a significant judgment in the case of Commissioner Vs R.P. Milk Made Products (P) Ltd., addressing the applicability of the Uttar Pradesh Value Added Tax (UPVAT) on the sale of plant and machinery post-business closure. The court’s decision, rooted in the interpretation of Section 2(e) and Section 2(f) of the UPVAT Act, has far-reaching implications for businesses undergoing liquidation or cessation of operations. Background of the Case The case originated from a revision p...