https://www.taxtmi.com/caselaws?id=152096 Investment allowance under section 32A was considered available for a dredger used in the assessee's business, because the dredging operations involved drilling, digging, washing, cleaning and screening that produced a distinct marketable commodity, fine sand. The Tribunal also noted that from 1 April 1985 the depreciation rules treated dredgers as ships, supporting the view that dredgers were legislatively regarded as ocean-going ships for depreciation purposes. On those facts, the dredger was treated as being used in the business of operation of ships, and the assessee succeeded on entitlement to investment allowance. en-us Tue, 19 Jul 1994 00:00:00 +0530 Mon, 24 Jun 2013 16:21:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152096 Investment allowance under section 32A was considered available for a dredger used in the assessee's business, because the dredging operations involved drilling, digging, washing, cleaning and screening that produced a distinct marketable commodity, fine sand. The Tribunal also noted that from 1 April 1985 the depreciation rules treated dredgers as ships, supporting the view that dredgers were legislatively regarded as ocean-going ships for depreciation purposes. On those facts, the dredger was treated as being used in the business of operation of ships, and the assessee succeeded on entitlement to investment allowance. Case-Laws Income Tax Tue, 19 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152096