https://www.taxtmi.com/caselaws?id=66654 The Tribunal ruled in favor of the appellant, a private limited company, in a case involving entitlement to investment allowance under Section 32A of the IT Act and classification as an industrial company for a concessional tax rate. The Tribunal held that the appellant's activity of assembling radios and transistors constituted manufacturing, making them eligible for the investment allowance. Additionally, as the appellant qualified as a small-scale industrial undertaking engaged in manufacturing, they were entitled to the concessional tax rate applicable to industrial companies under the relevant Finance Act. The Tribunal directed the ITO to grant the investment allowance and apply the concessional tax rate in favor of the appellant. en-us Wed, 23 Sep 1987 00:00:00 +0530 Sat, 05 Mar 2011 13:50:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66654 The Tribunal ruled in favor of the appellant, a private limited company, in a case involving entitlement to investment allowance under Section 32A of the IT Act and classification as an industrial company for a concessional tax rate. The Tribunal held that the appellant's activity of assembling radios and transistors constituted manufacturing, making them eligible for the investment allowance. Additionally, as the appellant qualified as a small-scale industrial undertaking engaged in manufacturing, they were entitled to the concessional tax rate applicable to industrial companies under the relevant Finance Act. The Tribunal directed the ITO to grant the investment allowance and apply the concessional tax rate in favor of the appellant. Case-Laws Income Tax Wed, 23 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66654