https://www.taxtmi.com/caselaws?id=64527 The Tribunal ruled against the assessee regarding the investment allowance for the hotel business, disallowing the claim as hotels were not considered industrial undertakings eligible for investment allowance. However, the Tribunal ruled in favor of the assessee regarding the commission paid to travel agents, excluding it from the disallowance calculation under section 37(3A) as it was deemed a trading expense rather than a business promotion expense. en-us Thu, 25 Feb 1999 00:00:00 +0530 Tue, 08 Feb 2011 13:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64527 The Tribunal ruled against the assessee regarding the investment allowance for the hotel business, disallowing the claim as hotels were not considered industrial undertakings eligible for investment allowance. However, the Tribunal ruled in favor of the assessee regarding the commission paid to travel agents, excluding it from the disallowance calculation under section 37(3A) as it was deemed a trading expense rather than a business promotion expense. Case-Laws Income Tax Thu, 25 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64527