https://www.taxtmi.com/caselaws?id=69614 The Tribunal denied the investment allowance under section 32A for the projector, allied equipment, and air-conditioning equipment in a cinema theatre. It held that the exhibition of cinematograph films did not constitute the manufacture or production of any article or thing as required by the Act. The Tribunal emphasized that the projection of films only created temporary mental impressions and did not meet the criteria for investment allowance. Additionally, it ruled out the argument that the exhibition of films involved the generation of power, stating that passing high-velocity arc rays through films did not qualify as power generation under the Act. en-us Thu, 31 Oct 1985 00:00:00 +0530 Mon, 11 Apr 2011 10:43:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69614 The Tribunal denied the investment allowance under section 32A for the projector, allied equipment, and air-conditioning equipment in a cinema theatre. It held that the exhibition of cinematograph films did not constitute the manufacture or production of any article or thing as required by the Act. The Tribunal emphasized that the projection of films only created temporary mental impressions and did not meet the criteria for investment allowance. Additionally, it ruled out the argument that the exhibition of films involved the generation of power, stating that passing high-velocity arc rays through films did not qualify as power generation under the Act. Case-Laws Income Tax Thu, 31 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69614