https://www.taxtmi.com/caselaws?id=199678 The court denied the assessee's entitlement to investment allowance under section 32A(2)(i)(iii) of the Income-tax Act for the assessment year 1979-80. The court held that the erection of boilers by the assessee, intended to be permanently fixed, constituted immovable property, thus excluding it from the investment allowance benefit. The decision was based on the interpretation that the term "construction" in the relevant section does not cover activities like erection work. The court ruled against the assessee, emphasizing that the machinery used for erecting boilers did not qualify for the investment allowance. en-us Wed, 04 Mar 1998 00:00:00 +0530 Fri, 09 Mar 2018 12:26:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199678 The court denied the assessee's entitlement to investment allowance under section 32A(2)(i)(iii) of the Income-tax Act for the assessment year 1979-80. The court held that the erection of boilers by the assessee, intended to be permanently fixed, constituted immovable property, thus excluding it from the investment allowance benefit. The decision was based on the interpretation that the term "construction" in the relevant section does not cover activities like erection work. The court ruled against the assessee, emphasizing that the machinery used for erecting boilers did not qualify for the investment allowance. Case-Laws Income Tax Wed, 04 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199678