https://www.taxtmi.com/caselaws?id=11888 The High Court upheld the Tribunal's decision, confirming the eligibility of data processing machines for investment allowance under section 32A of the Income-tax Act, 1961. The judgment emphasized the industrial importance of data processing activities by the small scale industrial unit, leading to the creation of essential documents. The Court ruled in favor of the assessee, supporting the Tribunal's interpretation that data processing machines qualified for investment allowance as integral to the manufacturing process. en-us Thu, 12 Jul 2001 00:00:00 +0530 Wed, 10 Feb 2010 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11888 The High Court upheld the Tribunal's decision, confirming the eligibility of data processing machines for investment allowance under section 32A of the Income-tax Act, 1961. The judgment emphasized the industrial importance of data processing activities by the small scale industrial unit, leading to the creation of essential documents. The Court ruled in favor of the assessee, supporting the Tribunal's interpretation that data processing machines qualified for investment allowance as integral to the manufacturing process. Case-Laws Income Tax Thu, 12 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11888