SC ruling on meaning of diversification for exemption under UP Trade tax act

AMD Industries Limited (Earlier known as M/s. Ashoka Metal Décor Pvt. Ltd.) Vs Commissioner of Trade Tax (Supreme Court) Sub-What is the meaning of diversification to be eligible to claim exemption under the UP Trade Tax Act? The Supreme Court of India in this case was considering the meaning of the term diversification when the appellant in this case set up machinery for manufacture of Double LIP DRY BLEND CROWN CORK as against SPUN LINE CROWN CORK which was being manufactured earlier and contended that it was diversification to be eligible for exemption. As against this the department conte...