https://www.taxtmi.com/caselaws?id=206232 The court ruled in favor of the hospital, determining that its activities involving advanced medical equipment constituted the production of tangible diagnostic images and data. Consequently, the hospital was deemed an industrial undertaking eligible for investment allowance under Section 32A of the Income Tax Act. The court upheld the decision of the Income Tax Appellate Tribunal and dismissed the Revenue's appeal, affirming the hospital's entitlement to the investment allowance. en-us Tue, 26 Apr 2011 00:00:00 +0530 Mon, 07 Nov 2011 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206232 The court ruled in favor of the hospital, determining that its activities involving advanced medical equipment constituted the production of tangible diagnostic images and data. Consequently, the hospital was deemed an industrial undertaking eligible for investment allowance under Section 32A of the Income Tax Act. The court upheld the decision of the Income Tax Appellate Tribunal and dismissed the Revenue's appeal, affirming the hospital's entitlement to the investment allowance. Case-Laws Income Tax Tue, 26 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206232