https://www.taxtmi.com/caselaws?id=15264 The court remanded the case to the Assessing Officer for a fresh assessment to determine if the assessee qualifies as an industrial company for tax purposes and is eligible for investment allowance based on manufacturing activities. The court emphasized the importance of assessing whether the machinery or plant claimed for the allowance is used in manufacturing articles, highlighting that a construction company can be considered an industrial undertaking to the extent of its manufacturing role. The Assessing Officer was instructed to reevaluate the matter and grant the benefit if the machinery is indeed used in manufacturing, ensuring compliance with statutory provisions. en-us Wed, 05 Aug 1998 00:00:00 +0530 Tue, 04 Aug 2009 13:04:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15264 The court remanded the case to the Assessing Officer for a fresh assessment to determine if the assessee qualifies as an industrial company for tax purposes and is eligible for investment allowance based on manufacturing activities. The court emphasized the importance of assessing whether the machinery or plant claimed for the allowance is used in manufacturing articles, highlighting that a construction company can be considered an industrial undertaking to the extent of its manufacturing role. The Assessing Officer was instructed to reevaluate the matter and grant the benefit if the machinery is indeed used in manufacturing, ensuring compliance with statutory provisions. Case-Laws Income Tax Wed, 05 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15264