https://www.taxtmi.com/caselaws?id=9604 The High Court upheld the decision to grant investment allowance to the assessee for the ultra sound machine equipment, determining that the products generated by the equipment qualified as an "article" or "thing" under the Income-tax Act. The court considered the technological advancements and diagnostic capabilities of the machine in providing efficient medical services as crucial factors in its eligibility for investment allowance. The judgment favored the assessee, aligning with legal precedents and emphasizing the tangible outputs produced by modern medical equipment in qualifying for investment allowances. en-us Fri, 30 Sep 2005 00:00:00 +0530 Tue, 17 Jan 2017 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9604 The High Court upheld the decision to grant investment allowance to the assessee for the ultra sound machine equipment, determining that the products generated by the equipment qualified as an "article" or "thing" under the Income-tax Act. The court considered the technological advancements and diagnostic capabilities of the machine in providing efficient medical services as crucial factors in its eligibility for investment allowance. The judgment favored the assessee, aligning with legal precedents and emphasizing the tangible outputs produced by modern medical equipment in qualifying for investment allowances. Case-Laws Income Tax Fri, 30 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9604