https://www.taxtmi.com/caselaws?id=178544 The High Court ruled against the assessee-company, a State Government concern engaged in construction activities, in a case concerning the entitlement to investment allowance under section 32A of the Income-tax Act, 1961 for the assessment year 1980-81. Citing a precedent from the Apex Court, the High Court held that the assessee did not qualify as an industrial undertaking eligible for the investment allowance. Consequently, the claim for investment allowance was disallowed, and the decision favored the revenue. No costs were awarded in this judgment. en-us Mon, 07 Mar 2005 00:00:00 +0530 Mon, 08 Feb 2016 15:09:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178544 The High Court ruled against the assessee-company, a State Government concern engaged in construction activities, in a case concerning the entitlement to investment allowance under section 32A of the Income-tax Act, 1961 for the assessment year 1980-81. Citing a precedent from the Apex Court, the High Court held that the assessee did not qualify as an industrial undertaking eligible for the investment allowance. Consequently, the claim for investment allowance was disallowed, and the decision favored the revenue. No costs were awarded in this judgment. Case-Laws Income Tax Mon, 07 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178544