https://www.taxtmi.com/caselaws?id=12976 Whether the assessee qualified as an "industrial undertaking" for investment allowance under s. 32A, and consequentially whether the Tribunal was justified in treating the Revenue's appeals as infructuous after holding the s. 263 revision order bad in law, was decided by holding that mining/production of coal constitutes an article-producing activity ordinarily falling within "industrial undertaking," with no distinguishing facts shown to exclude it; the presence of a transport business was irrelevant since, on the principle in Shaan Finance, ownership of the machinery and its use for production sufficed even if used by a lessee or only in one segment of the business. The Tribunal's approach stood affirmed and all questions were answered in favour of the assessee. en-us Wed, 21 Feb 2001 00:00:00 +0530 Mon, 05 Jan 2026 21:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12976 Whether the assessee qualified as an "industrial undertaking" for investment allowance under s. 32A, and consequentially whether the Tribunal was justified in treating the Revenue's appeals as infructuous after holding the s. 263 revision order bad in law, was decided by holding that mining/production of coal constitutes an article-producing activity ordinarily falling within "industrial undertaking," with no distinguishing facts shown to exclude it; the presence of a transport business was irrelevant since, on the principle in Shaan Finance, ownership of the machinery and its use for production sufficed even if used by a lessee or only in one segment of the business. The Tribunal's approach stood affirmed and all questions were answered in favour of the assessee. Case-Laws Income Tax Wed, 21 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12976