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<h1>Assessee's Investment Allowance Claim Denied for Laboratory Equipment Not Used in Manufacturing</h1> The Tribunal upheld the disallowance of the assessee's claim for investment allowance for laboratory equipment as the machinery was used for examination ... Investment Allowance, Assessee Was A Clinical Bio-Chemist The dispute is about disallowance of the assessee's claim for investment allowance of Rs. 15,238 for laboratory equipment. The assessee, a clinical bio-chemist, claimed investment allowance under section 32A of the Income-tax Act, 1961. The machinery used by the assessee is for examining blood and urine, not for producing any article or thing. The Tribunal upheld the disallowance, stating that the conditions for investment allowance were not met as the assessee does not manufacture or produce any article or thing. The appeal was dismissed. (Case citation: 1985 (11) TMI 96 - ITAT HYDERABAD)
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