https://www.taxtmi.com/caselaws?id=12952 The Court held that machinery used for trial production, even if not in commercial production, qualifies for depreciation and investment allowance under sections 32 and 32A as long as it is used for the business purpose. The judgment favored the assessee, emphasizing that trial production aimed at generating commercial profit constitutes sufficient business use to claim tax benefits. The decision supported the Tribunal's findings, affirming the right of the assessee to claim depreciation and investment allowance for machinery utilized in trial production for business purposes at Srinagar and Hyderabad. en-us Thu, 07 Feb 2002 00:00:00 +0530 Mon, 25 May 2009 15:07:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12952 The Court held that machinery used for trial production, even if not in commercial production, qualifies for depreciation and investment allowance under sections 32 and 32A as long as it is used for the business purpose. The judgment favored the assessee, emphasizing that trial production aimed at generating commercial profit constitutes sufficient business use to claim tax benefits. The decision supported the Tribunal's findings, affirming the right of the assessee to claim depreciation and investment allowance for machinery utilized in trial production for business purposes at Srinagar and Hyderabad. Case-Laws Income Tax Thu, 07 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12952