https://www.taxtmi.com/caselaws?id=67494 The Tribunal ruled in favor of the revenue, holding that the assessee, a civil contractor not engaged in manufacturing or production, was not eligible for investment allowance under section 32A(2)(b)(ii) and (iii). The Tribunal distinguished between small scale industrial undertakings solely involved in construction and other industrial undertakings, stating that the benefit of investment allowance was not available to the former. Despite arguments and cited cases by the assessee's counsel, the Tribunal found no support for extending the investment allowance to small scale construction businesses and allowed the revenue's appeal, denying the investment allowance claim. en-us Fri, 25 Sep 1992 00:00:00 +0530 Thu, 10 Mar 2011 18:26:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67494 The Tribunal ruled in favor of the revenue, holding that the assessee, a civil contractor not engaged in manufacturing or production, was not eligible for investment allowance under section 32A(2)(b)(ii) and (iii). The Tribunal distinguished between small scale industrial undertakings solely involved in construction and other industrial undertakings, stating that the benefit of investment allowance was not available to the former. Despite arguments and cited cases by the assessee's counsel, the Tribunal found no support for extending the investment allowance to small scale construction businesses and allowed the revenue's appeal, denying the investment allowance claim. Case-Laws Income Tax Fri, 25 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67494