Pre-operative exp.won’t form part of capital investment while deciding eligibility for VAT exemption

CST & VAT: Where assessee had established a new unit for manufacturing and sale of C.R. Strips and it was issued an eligibility certificate under section 4A of U.P. Trade Tax Act, 1948, preoperative expenses incurred by assessee would not form part of additional fixed capital investment for purposes of computing exemption under section 4A; but transformer/CVT installed in factory premises would fall within meaning of expression fixed capital investment for purposes of computing exemption under s