https://www.taxtmi.com/caselaws?id=14907 The High Court reframed the issue to determine if the assessee qualified as a small-scale industrial undertaking under the Explanation to section 32A(2) of the Income-tax Act. The Court directed the Tribunal to reassess the case considering the exclusion of certain assets from the aggregate value of plant and machinery, as per the investment allowance scheme. The Court did not provide a definitive answer but returned the reference for further evaluation, awarding costs to the assessee. en-us Fri, 12 Jun 1998 00:00:00 +0530 Mon, 27 Jul 2009 10:48:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14907 The High Court reframed the issue to determine if the assessee qualified as a small-scale industrial undertaking under the Explanation to section 32A(2) of the Income-tax Act. The Court directed the Tribunal to reassess the case considering the exclusion of certain assets from the aggregate value of plant and machinery, as per the investment allowance scheme. The Court did not provide a definitive answer but returned the reference for further evaluation, awarding costs to the assessee. Case-Laws Income Tax Fri, 12 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14907