https://www.taxtmi.com/caselaws?id=3770 The High Court held that a clinic or diagnostic center does not qualify as an industrial undertaking under the Income Tax Act, thus denying the Assessee's claim for an investment allowance for installing an X-ray machine. The court emphasized that the term "industrial undertaking" should be interpreted within the Act's context. As the primary condition of being an industrial undertaking was not met, the Assessee was not entitled to the investment allowance. The court ruled in favor of the Revenue, concluding that the Assessee did not meet the requirements for the deduction under Section 32A of the Income Tax Act. en-us Fri, 11 Apr 2008 00:00:00 +0530 Thu, 21 May 2009 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3770 The High Court held that a clinic or diagnostic center does not qualify as an industrial undertaking under the Income Tax Act, thus denying the Assessee's claim for an investment allowance for installing an X-ray machine. The court emphasized that the term "industrial undertaking" should be interpreted within the Act's context. As the primary condition of being an industrial undertaking was not met, the Assessee was not entitled to the investment allowance. The court ruled in favor of the Revenue, concluding that the Assessee did not meet the requirements for the deduction under Section 32A of the Income Tax Act. Case-Laws Income Tax Fri, 11 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3770