https://www.taxtmi.com/circulars?id=9716 Investment allowance under section 32A is not available for new plant and machinery installed in the business of a hotel, including restaurant units, because the business of running a hotel does not constitute an industrial undertaking engaged in manufacture or production for the purposes of that provision. Claims by hotels should be disallowed in pending and future assessments and remedial action considered in completed assessments within permissible procedural limits. en-us Tue, 07 Jan 1986 00:00:00 +0530 Wed, 08 Jun 2011 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9716 Investment allowance under section 32A is not available for new plant and machinery installed in the business of a hotel, including restaurant units, because the business of running a hotel does not constitute an industrial undertaking engaged in manufacture or production for the purposes of that provision. Claims by hotels should be disallowed in pending and future assessments and remedial action considered in completed assessments within permissible procedural limits. Circulars Income Tax Tue, 07 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9716