https://www.taxtmi.com/caselaws?id=12898 A building contractor constructing dwelling units was held not to satisfy the statutory test of manufacture or production for treatment as an industrial undertaking. Investment allowance under section 32A(2)(b)(iii) was therefore denied because the construction activity did not fall within the requisite industrial process. Relief under section 80J also failed, as that benefit depended on the same industrial undertaking character and profits derived from it. The reference was accordingly answered against the assessee, with both claims rejected in favour of the Revenue. en-us Mon, 06 Aug 2001 00:00:00 +0530 Fri, 22 May 2009 18:10:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12898 A building contractor constructing dwelling units was held not to satisfy the statutory test of manufacture or production for treatment as an industrial undertaking. Investment allowance under section 32A(2)(b)(iii) was therefore denied because the construction activity did not fall within the requisite industrial process. Relief under section 80J also failed, as that benefit depended on the same industrial undertaking character and profits derived from it. The reference was accordingly answered against the assessee, with both claims rejected in favour of the Revenue. Case-Laws Income Tax Mon, 06 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12898