https://www.taxtmi.com/caselaws?id=275899 The High Court ruled in favor of the Revenue, denying the assessee's claim for investment allowance on the grounds that a hotel did not qualify as an industrial undertaking engaged in the production of goods. The court held that despite engaging in food production activities, hotels did not meet the criteria of industrial activities for investment allowances under the Income-tax Act, based on established jurisprudence and past judgments. en-us Wed, 24 Jun 1998 00:00:00 +0530 Mon, 22 Oct 2018 16:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275899 The High Court ruled in favor of the Revenue, denying the assessee's claim for investment allowance on the grounds that a hotel did not qualify as an industrial undertaking engaged in the production of goods. The court held that despite engaging in food production activities, hotels did not meet the criteria of industrial activities for investment allowances under the Income-tax Act, based on established jurisprudence and past judgments. Case-Laws Income Tax Wed, 24 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275899