https://www.taxtmi.com/caselaws?id=14048 The High Court ruled against the assessee, denying the investment allowance claim for the hotel building. It held that the hotel business does not qualify as an industrial undertaking and the hotel building cannot be considered a plant under section 32A of the Income-tax Act. The court emphasized that hotel businesses are service-oriented and do not engage in manufacturing or production activities, thus not meeting the criteria for investment allowance eligibility. The decision aligned with precedents and clarified that hotel buildings do not qualify for investment allowance as they do not serve the purpose of manufacturing tangible goods. en-us Fri, 16 Mar 2001 00:00:00 +0530 Tue, 07 Jul 2009 18:28:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14048 The High Court ruled against the assessee, denying the investment allowance claim for the hotel building. It held that the hotel business does not qualify as an industrial undertaking and the hotel building cannot be considered a plant under section 32A of the Income-tax Act. The court emphasized that hotel businesses are service-oriented and do not engage in manufacturing or production activities, thus not meeting the criteria for investment allowance eligibility. The decision aligned with precedents and clarified that hotel buildings do not qualify for investment allowance as they do not serve the purpose of manufacturing tangible goods. Case-Laws Income Tax Fri, 16 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14048