https://www.taxtmi.com/caselaws?id=10323 The court ruled against the assessee, stating that the investment allowance for a generator installed for running a cinema hall could not be claimed as the business did not align with the specified businesses under section 32A of the Income-tax Act. The court emphasized that the allowance is only applicable to industrial undertakings engaged in manufacturing or production activities, as per the legal provisions. The decision highlighted the necessity of meeting the criteria outlined in the Act to accurately claim tax benefits. en-us Thu, 07 Oct 2004 00:00:00 +0530 Mon, 13 Jul 2009 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10323 The court ruled against the assessee, stating that the investment allowance for a generator installed for running a cinema hall could not be claimed as the business did not align with the specified businesses under section 32A of the Income-tax Act. The court emphasized that the allowance is only applicable to industrial undertakings engaged in manufacturing or production activities, as per the legal provisions. The decision highlighted the necessity of meeting the criteria outlined in the Act to accurately claim tax benefits. Case-Laws Income Tax Thu, 07 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10323