https://www.taxtmi.com/caselaws?id=71447 The appeal was dismissed, and the order of the CIT(A) disallowing the investment allowance claim on the Micro-computer by the professional firm of chartered accountants was upheld. The Tribunal found that the conditions for claiming investment allowance were not satisfied as the computer was not wholly used for business purposes related to electricity generation or small-scale industrial activities. The professional firm's services using the Micro-computer were not deemed distinct from its regular activities, leading to the rejection of the claim for investment allowance. en-us Fri, 10 Apr 1992 00:00:00 +0530 Sat, 23 Apr 2011 14:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71447 The appeal was dismissed, and the order of the CIT(A) disallowing the investment allowance claim on the Micro-computer by the professional firm of chartered accountants was upheld. The Tribunal found that the conditions for claiming investment allowance were not satisfied as the computer was not wholly used for business purposes related to electricity generation or small-scale industrial activities. The professional firm's services using the Micro-computer were not deemed distinct from its regular activities, leading to the rejection of the claim for investment allowance. Case-Laws Income Tax Fri, 10 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71447