https://www.taxtmi.com/caselaws?id=16428 The court ruled in favor of the assessee, determining that the value of motor vehicles should not be considered part of the value of plant and machinery for determining eligibility as a small-scale industrial undertaking under section 32A of the Income-tax Act. The court clarified that the definition of plant under section 43(3) should not apply in this context, and based on the independent definition provided, the assessee qualified for investment allowance as a small-scale industrial undertaking. The court's decision emphasized a strict interpretation of the relevant provisions, disregarding previous judgments, and upheld the assessee's entitlement to investment allowance. en-us Thu, 24 Sep 1998 00:00:00 +0530 Mon, 07 Sep 2009 16:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16428 The court ruled in favor of the assessee, determining that the value of motor vehicles should not be considered part of the value of plant and machinery for determining eligibility as a small-scale industrial undertaking under section 32A of the Income-tax Act. The court clarified that the definition of plant under section 43(3) should not apply in this context, and based on the independent definition provided, the assessee qualified for investment allowance as a small-scale industrial undertaking. The court's decision emphasized a strict interpretation of the relevant provisions, disregarding previous judgments, and upheld the assessee's entitlement to investment allowance. Case-Laws Income Tax Thu, 24 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16428