https://www.taxtmi.com/caselaws?id=12035 The Tribunal ruled in favor of the Revenue, denying the assessee's claim for investment allowance on furniture and electrical goods in the hotel. The Tribunal determined that the hotel did not qualify as an industrial undertaking under section 32A of the Income-tax Act, 1961, as it primarily provided lodging and boarding services without engaging in manufacturing or production activities. The Tribunal emphasized the lack of necessary plant and machinery and concluded that the preparation of food by the assessee did not constitute manufacturing, leading to the rejection of the investment allowance claim. en-us Tue, 26 Feb 2002 00:00:00 +0530 Mon, 15 Feb 2010 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12035 The Tribunal ruled in favor of the Revenue, denying the assessee's claim for investment allowance on furniture and electrical goods in the hotel. The Tribunal determined that the hotel did not qualify as an industrial undertaking under section 32A of the Income-tax Act, 1961, as it primarily provided lodging and boarding services without engaging in manufacturing or production activities. The Tribunal emphasized the lack of necessary plant and machinery and concluded that the preparation of food by the assessee did not constitute manufacturing, leading to the rejection of the investment allowance claim. Case-Laws Income Tax Tue, 26 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12035