https://www.taxtmi.com/caselaws?id=68048 The Tribunal ruled that a civil contractor firm engaged in construction work, categorized as a small scale industrial undertaking, is not entitled to investment allowance under section 32A. The Revenue's appeal was allowed, overturning the decision of the CIT(A) that had favored the firm's claim for investment allowance. The Tribunal differentiated between small scale industrial undertakings engaged in manufacturing or production and those in construction, concluding that the latter are not eligible for the benefit of investment allowance as per the provisions of section 32A(2)(b)(ii) and (iii). en-us Fri, 25 Sep 1992 00:00:00 +0530 Wed, 16 Mar 2011 16:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68048 The Tribunal ruled that a civil contractor firm engaged in construction work, categorized as a small scale industrial undertaking, is not entitled to investment allowance under section 32A. The Revenue's appeal was allowed, overturning the decision of the CIT(A) that had favored the firm's claim for investment allowance. The Tribunal differentiated between small scale industrial undertakings engaged in manufacturing or production and those in construction, concluding that the latter are not eligible for the benefit of investment allowance as per the provisions of section 32A(2)(b)(ii) and (iii). Case-Laws Income Tax Fri, 25 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68048