https://www.taxtmi.com/caselaws?id=216856 Investment allowance under Section 32A(2)(b) of the Income-tax Act, 1961 was denied because the assessee's activity was found to be only removal of overburden and earth excavation to facilitate mining at the project site, not an independent mining operation. The Assessing Officer further found that the assessee was merely a labour contractor, and these findings were affirmed by the Tribunal. On that factual basis, the claim for investment allowance failed and the Department's appeal succeeded. en-us Tue, 11 Sep 2012 00:00:00 +0530 Fri, 21 Sep 2012 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216856 Investment allowance under Section 32A(2)(b) of the Income-tax Act, 1961 was denied because the assessee's activity was found to be only removal of overburden and earth excavation to facilitate mining at the project site, not an independent mining operation. The Assessing Officer further found that the assessee was merely a labour contractor, and these findings were affirmed by the Tribunal. On that factual basis, the claim for investment allowance failed and the Department's appeal succeeded. Case-Laws Income Tax Tue, 11 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216856