https://www.taxtmi.com/caselaws?id=5465 The Court ruled against the assessee, denying investment allowance for civil construction works under section 32A of the Income-tax Act, 1961. The Court held that the machinery used in construction did not qualify for the allowance as it pertained to the construction of immovable items, excluding eligibility. The Court emphasized that the assessee did not meet the conditions for investment allowance under the specified provision, and the question of the assessee's industrial undertaking status was irrelevant. Consequently, the Court dismissed the petitions and ruled in favor of the Revenue, directing communication of the judgment to the Income-tax Appellate Tribunal. en-us Wed, 09 Nov 1994 00:00:00 +0530 Wed, 17 Oct 2018 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5465 The Court ruled against the assessee, denying investment allowance for civil construction works under section 32A of the Income-tax Act, 1961. The Court held that the machinery used in construction did not qualify for the allowance as it pertained to the construction of immovable items, excluding eligibility. The Court emphasized that the assessee did not meet the conditions for investment allowance under the specified provision, and the question of the assessee's industrial undertaking status was irrelevant. Consequently, the Court dismissed the petitions and ruled in favor of the Revenue, directing communication of the judgment to the Income-tax Appellate Tribunal. Case-Laws Income Tax Wed, 09 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5465