https://www.taxtmi.com/caselaws?id=63906 The Tribunal allowed the appeal in part, ruling in favor of the assessee on both issues. Regarding the entitlement to Investment Allowance under section 32A, the Tribunal held that the hotel qualifies as an industrial undertaking engaged in the production of articles, thus entitling the assessee to the investment allowance. Concerning the disallowance of expenses under section 40A(5) for perquisites provided to employees, the Tribunal directed the deletion of the disallowed amount, following its precedent that only specific provisions apply to directors. en-us Fri, 26 Jul 1985 00:00:00 +0530 Wed, 02 Feb 2011 16:27:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63906 The Tribunal allowed the appeal in part, ruling in favor of the assessee on both issues. Regarding the entitlement to Investment Allowance under section 32A, the Tribunal held that the hotel qualifies as an industrial undertaking engaged in the production of articles, thus entitling the assessee to the investment allowance. Concerning the disallowance of expenses under section 40A(5) for perquisites provided to employees, the Tribunal directed the deletion of the disallowed amount, following its precedent that only specific provisions apply to directors. Case-Laws Income Tax Fri, 26 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63906