https://www.taxtmi.com/caselaws?id=3373 The High Court held that a Pathological Laboratory qualifies as an industrial undertaking for investment allowance under Section 32-A of the Income-tax Act, 1961. The Court emphasized that if the end result of an undertaking utilizing plant or machinery is something new, it meets the criteria for an industrial undertaking. The Tribunal's decision in favor of the assessee Trust was upheld, ruling that the activity of running a Pathological Laboratory constitutes an industrial undertaking eligible for investment allowance. en-us Tue, 01 Aug 2006 00:00:00 +0530 Tue, 29 Jul 2008 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3373 The High Court held that a Pathological Laboratory qualifies as an industrial undertaking for investment allowance under Section 32-A of the Income-tax Act, 1961. The Court emphasized that if the end result of an undertaking utilizing plant or machinery is something new, it meets the criteria for an industrial undertaking. The Tribunal's decision in favor of the assessee Trust was upheld, ruling that the activity of running a Pathological Laboratory constitutes an industrial undertaking eligible for investment allowance. Case-Laws Income Tax Tue, 01 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3373