https://www.taxtmi.com/caselaws?id=70392 The Tribunal dismissed the departmental appeal and upheld the Appellate Assistant Commissioner's decision to grant the investment allowance to the assessee. It determined that the construction business qualified as an industrial undertaking under the Finance Act, 1983, and classified centering sheets as part of plant and machinery for investment allowance purposes. The Tribunal rejected the Revenue's argument that the denial of depreciation should preclude investment allowance. en-us Wed, 20 Sep 1989 00:00:00 +0530 Fri, 15 Apr 2011 18:44:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70392 The Tribunal dismissed the departmental appeal and upheld the Appellate Assistant Commissioner's decision to grant the investment allowance to the assessee. It determined that the construction business qualified as an industrial undertaking under the Finance Act, 1983, and classified centering sheets as part of plant and machinery for investment allowance purposes. The Tribunal rejected the Revenue's argument that the denial of depreciation should preclude investment allowance. Case-Laws Income Tax Wed, 20 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70392