https://www.taxtmi.com/news?id=391 The term industrial undertaking must be read in the context of the Income Tax Act; a clinic, hospital or diagnostic centre is not converted into an industrial undertaking merely because it contains a machine that manufactures or produces an article. The unit must itself be an industrial undertaking before eligibility for investment allowance under Section 32A can be considered. Since the clinic is not an industrial undertaking, the primary condition for deduction under Section 32A is not met and the investment allowance does not apply to the X ray installation. en-us Mon, 28 Apr 2008 23:02:00 +0530 Mon, 23 Jun 2008 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=391 The term industrial undertaking must be read in the context of the Income Tax Act; a clinic, hospital or diagnostic centre is not converted into an industrial undertaking merely because it contains a machine that manufactures or produces an article. The unit must itself be an industrial undertaking before eligibility for investment allowance under Section 32A can be considered. Since the clinic is not an industrial undertaking, the primary condition for deduction under Section 32A is not met and the investment allowance does not apply to the X ray installation. News - Mon, 28 Apr 2008 23:02:00 +0530 https://www.taxtmi.com/news?id=391